Shares of Dow Inc. /zigman2/quotes/203121064/composite DOW -0.22% rallied 1.8% in premarket trading Wednesday, after the materials science company reported an adjusted profit and sales that fell less than expected. The company swung to a net loss of $2.32 billion, or $3.14 a share, from income of $891 million, or $1.19 a share, in the year-ago period. Excluding non-recurring items, such as the impairment of the remaining Coatings & Performance Monomers acquisition-related goodwill, adjusted earnings per share fell to 78 cents from $1.07, but topped the FactSet consensus of 73 cents. Sales declined 15% to $12.20 billion but beat the FactSet consensus of $10.05 billion, as better-than-expected sales for the packaging and specialty plastics and performance materials and coatings businesses offset a slight miss in the industrial intermediates and infrastructure business. "We experienced similar economic headwinds in the quarter as we have seen all year--especially in the industrial sector--which included price and margin compression, in part driven by additional industry supply and uncertain macros," said Chief Executive Jim Fitterling. "Yet once again, the Dow team navigated these factors by leveraging our core strengths--feedstock flexibility, a lean cost structure, and leading positions in consumer-driven end-markets." The stock has lost 8.4% over the past three months through Tuesday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.09% has gained 6.1%.