MIDLAND, Mich. (AP) — MIDLAND, Mich. (AP) — Dow Inc. (DOW) on Thursday reported a loss of $533 million in its first quarter.
The Midland, Michigan-based company said it had a loss of 74 cents per share. Losses, adjusted for non-recurring costs, came to 14 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The materials science posted revenue of $9.79 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $9.5 billion.
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