Chemicals maker Dow profit beats estimates on cost cuts

(Reuters) - Dow Inc's quarterly profit beat Wall Street estimates on Thursday, as it kept a tight lid on costs against the backdrop of lower prices for chemicals used in making plastics. An oversupply of ethylene and polyethylene, used in making plastics, and the impact of U.S.-China trade tensions on demand for chemicals had forced Dow to cut its third-quarter revenue forecast and full-year spending.Dow, which makes chemicals used in paints, cosmetics and plastics, said it saved about $1.37..