DuPont Earnings: Margins Lighter as Revenue Ticks Upward

S&P 500 (NYSE:SPY) component E. I. du Pont de Nemours and Company (DuPont) (NYSE:DD) reported its results for the second quarter. E.I. du Pont de Nemours & Company offers products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation.

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E. I. du Pont de Nemours and Company (DuPont) Earnings Cheat Sheet

Results: Net income for E. I. du Pont de Nemours and Company (DuPont) fell to $1.18 billion ($1.25 per share) vs. $1.22 billion ($1.29 per share) a year earlier. This is a decline of 3.2% from the year-earlier quarter.

Revenue: Rose 7.2% to $11.01 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: E. I. du Pont de Nemours and Company (DuPont) reported adjusted net income of $1.48 per share. By that measure, the company beat the mean estimate of $1.46 per share. It fell short of the average revenue estimate of $11.27 billion.

Quoting Management: “Our agriculture, food and bioscience businesses are performing exceptionally well globally, and our advanced materials businesses are achieving solid results despite slower growth in some key markets and continued weakness in Europe,” said DuPont Chair and CEO Ellen Kullman. “Our global teams continue to execute well in a dynamic environment, while investing for growth driven by science-powered innovation and collaboration.”

Key Stats:

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 6 cents in the first quarter, by 2 cents in the fourth quarter of the last fiscal year, and by 13 cents in the third quarter of the last fiscal year.

Net income has increased 5.6% year-over-year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 23.2% from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from 71 cents a share to 70 cents over the last sixty days. At $4.27 per share, the average estimate for the fiscal year has fallen from $4.32 ninety days ago.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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