India, April 24 -- Dow Inc. (DOW) on Thursday reported loss in its first quarter, compared to prior year's profit, with weak sales. However, operating earnings and top line were better than market estimates. Further, the company announced various actions to improve profitability and support cash flow amid ongoing macroeconomic challenges.
In pre-market activity on the NYSE, Dow shares were gaining around 3.9 percent to trade at $30.13.
Following a comprehensive review, Dow said it has decided to delay construction of its Path2Zero project in Fort Saskatchewan, Alberta, Canada until market conditions improve. The company now expects Dow's total enterprise 2025 CapEx to be $2.5 billion compared to its original plan of $3.5 billion.
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