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BUZZ-Dow falls after forecasting weak revenue amid sluggish demand

Reuters
Jan 29
BUZZ-Dow falls after forecasting weak revenue amid sluggish demand

Updates

** Shares of chemicals maker Dow DOW.N fall 5.5% to $26.25

** Dow projects first-quarter revenue below estimates owing to weak demand

** Co expects first-quarter net sales of $9.4 billion, below analysts' average estimate of $10.33 billion, according to data compiled by LSEG

** Co says it will eliminate around 4,500 roles and has set a target of boosting its near-term adjusted core profit by at least $2 billion

** Dow anticipates nearly $1.1 billion to $1.5 billion in one-time costs, including nearly $600-$800 million in severance

** Posts adjusted loss of 34 cents per share for the fourth quarter vs analysts' estimate of a loss of 46 cents per share

** In 2025, Dow stock was down 41.7%

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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