Dow’s Losing Streak Continues
Dow Chemical (NYSE:DOW) found itself facing a less-interested market in the most recent quarter, and posted reduced performance Thursday, reporting October-December quarterly earnings before the bell.
Dow Chemical’s earnings on revenue reached $0.33 per share in the quarter; revenue was $13.2 billion. These values fell slightly below analysts’ expectations in a Reuters consensus estimate, which had Dow Chemical earning $0.34 a share on revenue of $13.7 billion, excluding items.
Demand for Dow Chemicals products, particularly specialty plastics and chlorine, dipped in the previous quarter, driving down Dow’s revenues and leading to an overall loss for the quarter. A year earlier, Dow also faced sales losses, but to a much lesser degree…