Dow reports first quarter 2020 results

Dow reports first quarter 2020 results.q1 sales $9.8 billion versus refinitiv ibes estimate of $9.73 billion.q1 gaap earnings per share $0.32.q1 operating earnings per share $0.59.qtrly operating eps excludes significant items in quarter, totaling $0.27 per share.qtrly packaging & specialty plastics net sales were $4.6 billion, down 10% versus pro forma results in year-ago period.qtrly industrial intermediates & infrastructure net sales were $3.0 billion, down 13% versus pro forma results in year-ago period.qtrly performance materials & coatings net sales were $2.1 billion, down 11% versus pro forma results in year-ago period.dow - temporarily idling select manufacturing units to balance production to demand across markets more severely affected.further reducing capital expenditure target to $1.25 billion."trimming operating expenses by $350 million; and unlocking another $500 million from working capital".ended q1 with $12 billion of committed liquidity, including $3.6 billion in cash, and an improved debt profile.q1 earnings per share view $0.58, revenue view $9.73 billion -- refinitiv ibes data."expect a recovery will begin to take hold as year progresses".
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