US Markets

EARNINGS-Chemicals maker Dow profit dips on oversupply, weak demand

Credit: REUTERS/© Rebecca Cook / Reuters

Dow Inc reported a 32% fall in quarterly adjusted operating profit on Thursday, as margins were squeezed by a rise in inventories of chemicals used in making plastics and weak demand.

Oct 24 (Reuters) - Dow Inc DOW.N reported a 32% fall in quarterly adjusted operating profit on Thursday, as margins were squeezed by a rise in inventories of chemicals used in making plastics and weak demand.

The company's net income available to shareholders fell to $333 million, or 45 cents per share, in the three months ended Sept. 30 from $1.01 billion, or $1.36 per share, a year earlier.

Excluding items, Dow posted operating earning of 91 cents per share.

(Reporting by Arathy S Nair in Bengaluru; Editing by Anil D'Silva)

((arathys.nair@thomsonreuters.com; within U.S. +1 646 223 8780 (Extn 3863), Twitter: https://twitter.com/ArathySom))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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