Dow: Q4 results better than expected
Over the last three months of the year, operating profit fell to $1.22 billion, or 43 cents per share, compared with $1.25 billion (46 cents) a year earlier.
By way of comparison, the consensus was for EPS of around 40 cents.
The Michigan-based group points out that the fall in sales prices was partially offset by higher volumes.
At the same time, its gross margin improved to 5.3%, compared with 5.1% a year earlier, thanks to the achievement of the company's annual savings target of $1 billion.
Sales were down by 10%, but at $10.6 billion, they also exceeded the consensus figure of $10.4 billion.
Following this better-than-expected publication, Dow shares - which are listed on the Dow Jones index - rose by almost 2% on Thursday in early trading on Wall Street.
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