Dow's stock gains as profit and revenue rise above forecasts, as local price jump

Published: Oct. 21, 2021 astatine 6:15 a.m. ET

Shares of Dow Inc. edged up 0.2% successful premarket trading Thursday, aft the chemicals and specialty materials institution reported third-quarter nett and gross that roseate supra Wall Street forecasts, amid large jumps successful section prices owed to choky proviso and request dynamics. The institution swung to nett income of $1.68 billion, oregon $2.23 a share, from a nonaccomplishment of $25 million, oregon 4 cents a share, successful the aforesaid play a twelvemonth ago. Excluding nonrecurring items, adjusted net per stock roseate to $2.75 from 50 cents, beating the FactSet statement of $2.56. Sales surged 52.8% to $14.84 billion, supra the FactSet statement of $14.33 billion....