"DOW trimmed its dividend by half following disappointing earnings results, with revenue falling short of expectations and missing on both EPS and operating EBIT. As a result, overall sales dropped 6%, impacted by import pressures from China and subsequent delays. Furthermore, weakened seasonal demand and a lingering oversupply contributed to a negative free cash flow of $1.13 billion. The shift towards equity joint venture losses continues to impact performance significantly."
"Nvidia has generated substantial wealth for early investors, but now there is emerging interest in a new class of stocks termed 'Next Nvidia Stocks', which analysts suggest could offer even more lucrative opportunities moving forward."
DOW significantly reduced its dividend due to disappointing earnings, missing on both EPS and revenue targets with reported sales down 6%. This decline stemmed from increased pressures from China imports and operational delays that negatively impacted revenues. The adjusted EPS was reported at -$0.42, missing the estimate, while operating EBIT was also negative at -$21 million. Furthermore, ongoing seasonal demand issues, oversupply situations, and equity joint venture losses are expected to continue adversely affecting performance and contributing to a negative free cash flow of $1.13 billion.
Read at 24/7 Wall St.
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