Shares of DuPont de Nemours Inc. undefined dropped 1.7% in premarket trading Tuesday, after the specialty materials and chemicals company reported...
Shares of DuPont de Nemours Inc. dropped 1.7% in premarket trading Tuesday, after the specialty materials and chemicals company reported second-quarter profit and sales that beat expectations but provided a downbeat third-quarter outlook, citing foreign currency headwinds and unplanned downtime at a Virginia site. Second-quarter net income rose to $787 million, or $1.
55 a share, including 85 cents a share from discontinued operations, from $478 million, or 90 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 88 cents beat the FactSet consensus of 75 cents. Sales grew 7.0% to $3.32 billion, above the FactSet consensus of $3.26 billion, as a beat by its Electronics & Industrial segment helped offset a slight miss by Water & Protection.
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