Dow Q1 2024 Adj EPS $0.56 Beats $0.45 Estimate, Sales $10.765B Beat $10.743B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dow (NYSE:DOW) reported Q1 2024 adjusted EPS of $0.56, surpassing the $0.45 estimate, with sales of $10.765B also beating the $10.743B estimate. This represents a 3.45% decrease in earnings and a 9.16% decrease in sales from the same period last year.
April 25, 2024 | 10:01 am
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Dow reported Q1 2024 earnings of $0.56 per share, beating estimates, with sales of $10.765B also exceeding expectations.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term uptick in stock price. Despite the year-on-year declines, the outperformance against analyst expectations is a strong positive signal.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100