BUZZ-Dow falls after Q4 profit miss

Updates

Shares of chemical company Dow DOW.N fall 6.1% to $38.57

Company reports break-even earnings per share in the fourth quarter, below expectations of 24 cents per share, according to data compiled by LSEG

DOW expects Q1 2025 sales to be about $10.3 bln vs est of $10.78 bln

DOW to reduce headcount by about 1,500 employees globally

Company expects to save an additional $300 mln to $500 mln in 2025 by cutting back on expenses

DOW to record a charge of $250 mln to $325 mln in Q1 2025 for severance and related benefit costs

Stock was down 26.3% in 2024