Chemicals Company Dow's Q2 Earnings Disappoint Amid Challenging Market Conditions; Stock Slips
Portfolio Pulse from Lekha Gupta
Dow Inc (NYSE:DOW) reported disappointing Q2 FY24 earnings, with sales and adjusted EPS missing consensus estimates. Sales declined 4% Y/Y to $10.9 billion, and adjusted EPS was $0.68. The stock is down 5.18% premarket. Investors can gain exposure via Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG).
July 25, 2024 | 11:24 am
News sentiment analysis
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NEGATIVE IMPACT
Invesco Dow Jones Industrial Average Dividend ETF (DJD) may see minor impact due to Dow Inc's disappointing earnings, as DOW is a component of the ETF.
DJD holds Dow Inc as one of its components. The disappointing earnings report from Dow Inc may lead to a minor negative impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
FT Vest DJIA Dogs 10 Target Income ETF (DOGG) may experience minor impact due to Dow Inc's disappointing earnings, as DOW is a component of the ETF.
DOGG includes Dow Inc as one of its components. The disappointing earnings report from Dow Inc may lead to a minor negative impact on the ETF's performance.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Dow Inc reported Q2 FY24 earnings that missed consensus estimates, with sales down 4% Y/Y and adjusted EPS at $0.68. The stock is down 5.18% premarket.
Dow Inc's disappointing earnings report, with both sales and EPS missing consensus estimates, has led to a 5.18% drop in the stock price premarket. This negative performance is likely to impact investor sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100