Dow (DOW) shares were down 2.3% in Tuesday trading even after the company said it expects Q2 earnings of approximately $2.2 billion, above prior guidance and consensus.

In a presentation at the Wells Fargo Industrials & Materials Conference Tuesday, Chief Financial Officer Jeff Tate said the company is "well-positioned to capture earnings upside."

He pointed to stronger polyethylene pricing, steady packaging demand, and tightening supply as key supports for its outlook, alongside a focus on deleveraging and maintaining about $14 billion in liquidity.

Price: 33.42, Change: -0.78, Percent Change: -2.28