Dow Inc. (DOW) Jumps 12.9% as Firm Books Lowe-Than-Expected Loss

We recently published Why These 10 Stocks are Soaring by Double Digits. Dow Inc. (NYSE:DOW) is one of the best performers on Thursday.

Shares of Dow Inc. (NYSE:DOW) climbed by 12.95 percent on Thursday to end at $24.51 apiece despite a dismal earnings performance in the third quarter of the year, as investors took heart from lower-than-expected losses.

In an updated report, Dow Inc. (NYSE:DOW) clocked in a $0.19 loss per share, lower than the $0.30 as expected by analysts, on a net income of $124 million, a 48 percent drop from the $240 million in the same period last year.

Revenues ended at $9.97 billion, lower by 8 percent than the $10.88 billion in the same comparable period, as well as analyst expectations of $10.23 billion, amid a decline in all operating segments.

According to Dow Inc. (NYSE:DOW), the quarter saw a 1-percent dip in volumes year-on-year from its customers in Europe, the Middle East, Africa, and India, which was offset by gains in the US, Canada, and Asia Pacific.

“We remain on track to deliver more than $6.5 billion in near-term cash support, with over half already achieved. This includes a reduction in [capital expenditure] spending of $1 billion this year, as well as the accelerated delivery of our previously announced $1 billion in targeted cost reductions by the end of 2026,” said Dow Inc. (NYSE:DOW) Chairman and CEO Jim Fitterling.

Earlier this month, the company declared a cash dividend of $0.35 to all common shareholders as of November 28, payable on December 12, 2025.

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Disclosure: None. This article is originally published at Insider Monkey.