Dow inc reports q2 loss per share of $0.31

Dow reports second quarter 2020 results.q2 sales $8.4 billion versus refinitiv ibes estimate of $8.01 billion.qtrly gaap loss per share was $0.31.qtrly operating loss per share was $0.26.total cash and available committed liquidity at quarter-end was approximately $12 billion.has no substantive long-term debt due until second half of 2023.qtrly packaging & specialty plastics net sales were $4 billion, down 23% versus year-ago period.will upsize 2020 operating expense reduction target from $350 million to $500 million.qtrly industrial intermediates & infrastructure net sales were $2.4 billion, down 28%.will also initiate a restructuring program during quarter, targeting more than $300 million in annualized ebitda benefit by end of 2021.qtrly performance materials & coatings net sales were $1.9 billion, down 21%.restructuring program program includes a 6% reduction in dow's global workforce as well as actions to exit uncompetitive assets."we continue to expect a gradual and uneven recovery".q2 earnings per share view $-0.30 -- refinitiv ibes data.
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