Dow Q3 Earnings: Volume Growth Amid Market Softness, Q4 Outlook Remains Cautious
Portfolio Pulse from Lekha Gupta
Dow Inc reported a 1% increase in Q3 sales to $10.88 billion, beating expectations. Adjusted EPS also surpassed forecasts. Despite flat local prices, volume grew by 1%. The company returned $584 million to shareholders and expects Q4 revenue of ~$10.70 billion. Dow shares rose 2% premarket.
October 24, 2024 | 1:22 pm
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POSITIVE IMPACT
Invesco Dow Jones Industrial Average Dividend ETF provides exposure to Dow Inc, which reported strong Q3 results. This could positively impact the ETF's performance.
DJD holds Dow Inc, which reported strong Q3 results. This could lead to a positive impact on the ETF's performance as Dow's share price rises.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
FT Vest DJIA Dogs 10 Target Income ETF includes Dow Inc, which reported strong Q3 results. This may positively influence the ETF's performance.
DOGG includes Dow Inc, which reported better-than-expected Q3 results. This could positively affect the ETF's performance as Dow's stock price increases.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Dow Inc reported better-than-expected Q3 results with a 1% increase in sales and adjusted EPS beating consensus. The company returned $584 million to shareholders and expects Q4 revenue of ~$10.70 billion.
Dow Inc's Q3 results exceeded expectations, leading to a 2% premarket increase in share price. The company's ability to return significant capital to shareholders and its cautious yet stable Q4 outlook contribute to a positive short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100