Dow Reports Smaller Than Expected First Quarter Loss
The Michigan-based chemicals maker reported an adjusted loss of 14 cents per share. Strong polyethylene volumes and cost cuts helped the firm beat expectations.
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DOW INC reported a narrower-than-anticipated adjusted loss for the first quarter on Thursday, bolstered by robust polyethylene volumes and aggressive cost-reduction strategies. The Michigan-based chemical giant, headquartered in the United States, is navigating a challenging landscape marked by elevated feedstock and energy expenses alongside sluggish demand in several primary end markets.
