MIDLAND, Mich. (AP) — MIDLAND, Mich. (AP) — Dow Inc. (DOW) on Thursday reported a loss of $53 million in its fourth quarter.
On a per-share basis, the Midland, Michigan-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The materials science posted revenue of $10.41 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $10.43 billion.
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