Dow Inc. stock DOW, -0.94% rose slightly in premarket trading after the chemicals firm reported a large decline in earnings for its second quarter. However, it still exceeded consensus expectations. Dow’s net income for the second quarter was $501 million or 68 cents per share. This is down from the $1.681 billion or $2.26 per share in the previous period. The adjusted earnings per share came in at 75 cents, which was higher than the FactSet consensus of 70 cents. Sales dropped to $11.420 from $15.664 billion, but were still above the $11.274 billion FactSet median. “We successfully navigated the difficult macro-environment in the near term by implementing targeted cost-saving actions, while capitalizing on feedstock advantages and our participation in attractive end markets,” said Chief Executive Jim Fitterling in a press release. The company reported that sales were down in all segments due to lower prices and demand caused by slower macro-activity. Volumes fell by 8%, with a decline of 14% in Europe, Middle East, Africa, and India. Prices fell by 18% in all regions and operating segments. The stock is up 4% year-to-date, while S&P 500 SPX, +0.40% is up 18.6%.