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DuPont's (DD) Q2 Earnings Beat Estimates, Revenues Miss

Published 08/01/2019, 07:45 AM
Updated 07/09/2023, 06:31 AM

DuPont de Nemours, Inc. (NYSE:DD) provides technology-based materials, ingredients and solutions. It serves markets including electronics, transportation, construction, health and wellness, food and worker safety.

Earnings

DuPont’s adjusted earnings were 97 cents per share for the second quarter. The figure surpassed the Zacks Consensus Estimate of 86 cents.

Revenues

DuPont posted revenues of $5,468 million. It missed the Zacks Consensus Estimate of $5,641 million.

Estimate Trend

Investors should note that the earnings estimate for DuPont for the second quarter have been stable over the past month.

Key Stats/Developments to Note

DuPont raised its adjusted earnings per share guidance to the range of $3.75-$3.85 for 2019.

Zacks Rank

DuPont currently has a Zacks Rank #5 (Strong Sell), but that could change following its earnings report which has just released. Meanwhile, You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Market Reaction

DuPont’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on DuPont’s earnings report!

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Dow Chemical Company (NYSE:DOW) (The) (DD): Free Stock Analysis Report

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