EI DuPont de Nemours & Co. (NYSE:DD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are 1.06%.
EI DuPont de Nemours & Co. Earnings Cheat Sheet
Results: Net income decreased -70.24% to $111 million (12 cents per diluted share) in the quarter versus a net gain of $373 million in the year-earlier quarter.
Revenue: Decreased 16.74% to $7.3 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: EI DuPont de Nemours & Co. reported adjusted net income of 12 cents per share. By that measure, the company beat the mean analyst estimate of $0.07. It beat the average revenue estimate of $7.26 billion.
Quoting Management: “DuPont stands stronger today than it did a year ago. Our segments delivered innovation, productivity and integration cost synergies. This, coupled with a record year in new product introductions, has strengthened our market position,” said DuPont Chair and CEO Ellen Kullman…