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4/22, 12:16 PM (Source: TeleTrader)
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Dow reports over 300% jump in EPS to $1.32 in Q1

American commodity chemical company Dow Inc. announced on Thursday its earnings per share in the first quarter of 2021 amounted to $1.32, up over 300% compared to the same quarter a year earlier and above analyst estimates.

Meanwhile, the update revealed net sales rose 22% on the year to $11.9 billion during the same period driven by sales growth and pricing gains in all segments.

Commenting on the results, Dow Chairman and Chief Executive Officer Jim Fitterling said that despite supply constraints, the company saw growth in demand "as the economic recovery continued to broaden, most notably in packaging, construction, mobility, electronics and consumer durables end-markets."

Breaking the News / JC