9:23 am Dow Chemical Tops Estimates on Record Plastics Profit
Dow Chemical (DOW 48.19) is trading almost 2 pts. or 4% higher pre-market at $50.12/share after topping quarterly expectations following record quarterly adjusted EBITDA results in its Performance Plastics segment.
This morning, the company reported third quarter earnings results of $0.72, which came in ahead of expectations.
On the top line, revenue rose 4.9% from the prior year's quarter, which slightly beat expectations. Overall, gains were driven by price increases associated with tightening demand conditions …More