Dow financial gain and gross sales fall small of estimates, aims to lower $1 billion in prices in 2023

Dow Inc. DOW mentioned Thursday it experienced internet income of $647 million, or 85 cents a share, in the fourth quarter, down from $1.761 billion, or $2.32 a share, in the yr-before period of time. Modified for every-share earnings came to 46 cents, beneath the 57 cent FactSet consensus. Profits fell to $11.859 billion from $14.364 billion, also underneath the $12.001 billion FactSet consensus. “In the fourth quarter, Group Dow ongoing to proactively navigate slowing world wide expansion, hard strength markets, and destocking,” CEO Jim Fitterling explained in a statement. “In response, we shifted our focus to income generation in the quarter as we decreased running…