Investing.com - The largest U.S. chemicals company Dow Chemicals reported worse-than-expected first-quarter revenue figures ahead of Thursday’s opening bell, sending its shares lower in pre-market trade.
Earlier in the day, in its first-quarter earnings report, Dow Chemicals said adjusted earnings per share came in at USD0.69, above expectations for USD0.61 per share.
The company’s first-quarter revenue totaled USD14.38 billion, below expectations for revenue of USD14.93 billion.
Following the release of the report, shares in DOW slumped 0.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.4% at the open, S&P 500 futures pointed to a rise of 0.35% and Nasdaq 100 futures indicated an increase of 0.4%.
Earlier in the day, in its first-quarter earnings report, Dow Chemicals said adjusted earnings per share came in at USD0.69, above expectations for USD0.61 per share.
The company’s first-quarter revenue totaled USD14.38 billion, below expectations for revenue of USD14.93 billion.
Following the release of the report, shares in DOW slumped 0.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.4% at the open, S&P 500 futures pointed to a rise of 0.35% and Nasdaq 100 futures indicated an increase of 0.4%.