MIDLAND, Mich. (AP) — MIDLAND, Mich. (AP) — Dow Inc. (DOW) on Thursday reported a loss of $307 million in its first quarter.
On a per-share basis, the Midland, Michigan-based company said it had a loss of 44 cents. Earnings, adjusted for restructuring costs and non-recurring costs, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The materials science posted revenue of $10.43 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $10.27 billion.
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