DuPont de Nemours: Q1 Earnings Snapshot
WILMINGTON, Del. (AP) _ DuPont de Nemours, Inc. (DD) on Tuesday reported first-quarter net income of $5.39 billion, after reporting a loss in the same period a year earlier.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of $8.90. Earnings, adjusted for one-time gains and costs, were 91 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The specialty chemicals maker posted revenue of $3.98 billion in the period.
For the current quarter ending in July, DuPont de Nemours expects its per-share earnings to range from 93 cents to 95 cents.
The company said it expects revenue in the range of $3.93 billion to $4.03 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $3.85 billion.
DuPont de Nemours expects full-year earnings in the range of $3.60 to $3.75 per share, with revenue ranging from $15.7 billion to $15.9 billion.
DuPont de Nemours shares have increased 10% since the beginning of the year, while the S&P’s 500 index has risen 12%. The stock has climbed 74% in the last 12 months.