MIDLAND, Mich. (AP) — MIDLAND, Mich. (AP) — Dow Inc. (DOW) on Thursday reported a loss of $1.54 billion in its fourth quarter.
The Midland, Michigan-based company said it had a loss of $2.15 per share. Losses, adjusted for non-recurring costs, came to 34 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The materials science posted revenue of $9.46 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $9.49 billion.
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