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1 year ago

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Dow beats Q3 estimates, plans $1 bln in cost cuts as energy prices rise

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Dow beats Q3 estimates, plans $1 bln in cost cuts as energy prices rise

Chemicals giant Dow Inc on Thursday beat third-quarter profit estimates and outlined plans to cut costs by $1 billion next year to combat soaring European energy prices and a looming recession, sending its shares up 5%.

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Dow beats Q3 estimates, plans $1 bln in cost cuts as energy prices rise

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Dow beats Q3 estimates, plans $1 bln in cost cuts as energy prices rise

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