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Earnings News

Dow Posts Wider Loss In Q4; To Remove Approx. 4,500 Roles

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Dow (DOW) reported a fourth quarter GAAP loss of $1.5 billion compared to a loss of $35 million, prior year. GAAP loss per share was $2.15 compared to a loss of $0.08. Operating EBITDA declined to $741 million from $1.2 billion, prior year. The company posted an operating loss per share of $0.34, for the quarter. Analysts on average expected the company to report a loss per share of $0.51, for the quarter. Analysts' estimates typically exclude special items.

Net sales were $9.46 billion compared to $10.41 billion, prior year. The company noted that its net sales were down 9% year-over-year, reflecting declines in all operating segments.

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