Investing.com - The largest U.S. chemicals company Dow Chemicals reported worse-than-expected third quarter earnings and revenue figures ahead of Thursday’s opening bell, sending its shares lower in pre-market trade.
Earlier in the day, in its third quarter earnings report, Dow Chemicals said adjusted earnings per share came in at USD0.50, below expectations for USD0.54 per share.
The company’s third quarter revenue totaled USD13.7 billion, missing forecasts for revenue of USD13.98 billion.
Following the release of the report, shares in Dow Chemical dropped 2.5% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures pointed to a rise of 0.45% and Nasdaq 100 futures indicated an increase of 0.4%.
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Dow Chemical Q3 earnings, revenue miss forecast
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