Dow shares are trading lower after the company updated its Q3 revenue and EBITDA outlook, citing an unplanned event at a Texas ethylene cracker and greater input costs and margin compression in Europe.
Portfolio Pulse from Benzinga Newsdesk
Dow Inc. shares are declining following a revision of its Q3 revenue and EBITDA outlook. The company attributes this to an unplanned event at a Texas ethylene cracker and increased input costs and margin compression in Europe.
September 12, 2024 | 12:15 pm
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Dow Inc. has revised its Q3 revenue and EBITDA outlook downward due to an unplanned event at a Texas ethylene cracker and increased input costs and margin compression in Europe, leading to a decline in its share price.
The unplanned event at a Texas ethylene cracker likely disrupted production, impacting revenue. Additionally, increased input costs and margin compression in Europe are expected to further strain financial performance, leading to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100