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Dow Earnings Show the Economy Isn't Great, but Not Getting Worse

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Chemical firm Dow's third-quarter earnings beat estimates, as product volumes slipped from a year ago.

Commodity chemical firm Dow has a message on the economy. Things aren’t great, but they aren’t getting worse.

In the year-ago quarter, Dow reported earnings per share of $1.11 on sales of $14.1 billion. The drop in the latest quarter reflect a change in energy prices. Oil and natural gas are inputs for Dow’s products. They also reflect a change in the economy. Product volumes were down 6% year over year. Newsletter Sign-up Dow stock is up 2.6% in premarket trading Tuesday, while S&P 500 and Dow Jones Industrial Average futures are up 0.5% and 0.3%, respectively. Coming into Tuesday trading, shares are up about 3% over the past 12 months, lagging behind the S&P 500 by about eight percentage points.

 

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