Dow (DOW) Tops Q2 EPS by 4c, Revenues Beat
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Dow reports second quarter 2020 results
July 23, 2020 6:00 AM EDTMIDLAND, Mich.--(BUSINESS WIRE)-- Dow (NYSE: DOW):
FINANCIAL HIGHLIGHTS
GAAP loss per share was $0.31; Operating loss per share1 was $0.26 and excludes significant items in the quarter, totaling $0.05 per share, primarily related to integration and separation costs. Net sales were $8.4 billion, down 24% versus the year-ago period driven by both local price and volume declines, as the COVID-19 pandemic dramatically impacted results. Local price declined 14% versus the year-ago period, primarily reflecting lower global energy prices. Currency decreased sales by 1%. Volume declined 9% versus the... More