MIDLAND, Mich. (AP) — MIDLAND, Mich. (AP) — Dow Inc. (DOW) on Thursday reported a loss of $835 million in its second quarter.
On a per-share basis, the Midland, Michigan-based company said it had a loss of $1.18. Losses, adjusted for non-recurring costs, came to 42 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The materials science posted revenue of $10.1 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $10.28 billion.
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