Dow (DOW) Tops Q2 EPS by 4c
Dow (NYSE: DOW) reported Q2 EPS of $0.75, $0.04 better than the analyst estimate of $0.71. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $11.27 billion.
GUIDANCE:
"Looking ahead, we will continue to execute our near-term cost savings actions and advance our longer-term strategic priorities as we manage through a macro environment that is expected to remain challenging in the second half of the year," said Fitterling. "The actions we outlined in January are on track to deliver $1 billion of cost savings this year and we continue to benefit from the solid financial position and focus on cash flow generation we have demonstrated since Spin. Additionally, our disciplined and balanced capital allocation priorities continue to support our Decarbonize and Grow, and Transform the Waste investments to deliver long-term value creation for our stakeholders.
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