Dow Forecasts Higher Revenue on Middle East Supply Cuts
Dow expects second quarter revenue of 12 billion dollars as Middle East supply disruptions lift margins. Shares rose after the firm beat quarterly estimates.
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DOW INC has issued a positive financial outlook for the second quarter, surpassing Wall Street expectations as geopolitical instability in the Middle East drives up margins for chemical producers. The Michigan-based company saw its shares rise 1.8% in premarket trading following the announcement, which highlighted how supply constraints are currently benefiting North American manufacturers.
