Dow Forecasts Strong Profit Beat
Dow projected fourth quarter core profit above expectations after beating quarterly earnings estimates. Higher polyethylene prices and ongoing cost cuts helped offset rising material expenses.
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DOW INC forecast fourth-quarter adjusted core profit of $1.54 billion, beating the $1.38 billion consensus estimate on higher polyethylene prices. The chemical maker also topped quarterly earnings projections, helped by ongoing cost-cutting measures. The performance highlights how supply constraints have boosted pricing power for major producers.
