On July 30, Dow Chemical rose 5.18% in regular trading, trading at $30.345/share, with turnover of $146 million. The rally was driven by the company's strong Q2 earnings report and improving demand signals from China.
Dow reported Q2 adjusted EPS of $1.44, beating the consensus estimate of $1.28 by 12.5% and swinging sharply from a loss of $0.42 per share in the year-ago quarter. Revenue came in at $12.09 billion, up approximately 20% year-over-year, also exceeding analyst expectations of $12.03 billion. The company noted that orders from China are increasing and it expects to sell through its produced inventory. Additionally, Dow achieved over $300 million in cost savings during Q2 through efficiency initiatives.
However, management cautioned that ongoing Middle East conflict creates broad market uncertainty, making next-quarter guidance difficult. Construction and infrastructure end-market fundamentals remain weak overall. Within the Commodity Chemicals sector, LyondellBasell Industries rose 4.26% and Olin gained 1.54%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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