DuPont Earnings: Here’s Why Investors are Excited Now

EI DuPont de Nemours & Co. (NYSE:DD) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.09%

EI DuPont de Nemours & Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 8.57% to $1.28 in the quarter versus EPS of $1.40 in the year-earlier quarter.

Revenue: Decreased 12.75% to $9.84 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: EI DuPont de Nemours & Co. reported adjusted EPS income of $1.28 per share. By that measure, the company beat the mean analyst estimate of $1.27. It missed the average revenue estimate of $10.01 billion.

Quoting Management: “Agriculture sales remained strong in the second quarter and titanium dioxide volume improved. As expected, this was largely offset by a substantial decline in Performance Chemicals earnings from last year’s peak levels,” said DuPont Chair and CEO Ellen Kullman. “We anticipate second half earnings will be significantly better than last year’s second half. We expect to deliver full-year earnings modestly above 2012 results, overcoming steep declines in the titanium dioxide market and economic headwinds in Europe and parts of Asia.”

Key Stats (on next page)…

Revenue decreased 6.25% from $10.5 billion in the previous quarter. EPS decreased 17.95% from $1.56 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.53 to a profit $0.51. For the current year, the average estimate has moved down from a profit of $3.88 to a profit of $3.80 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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