DuPont offers guidance below Wall Street expectations
DuPont de Nemours Inc. stock DD, -0.85% slid 1.6% in premarket trade Tuesday, after the chemicals giant topped estimates for the fourth quarter, but offered guidance that fell short of estimates. The company had net income of $105 million, or 20 cents a share, for the quarter, down from $167 million, or 29 cents a share, in the year-earlier period. Adjusted per-share earnings came to 89 cents, ahead of the 78 cent FactSet consensus. Sales fell 4% to $3.104 billion, also ahead of the $3.
“In the face of weak conditions in certain end-markets, namely electronics and construction, we delivered revenue and operating EBITDA results in line with our expectations,” Chief Executive Ed Breen said in a statement. The company is now expecting first-quarter adjusted EPS of 80 cents and sales of $2.9 billion. The FactSet consensus is for EPS of 88 cents and sales of $3.1 billion. For the full year, it expects adjusted EPS of $3.50 to $4.00 and sales of $12.3 billion to $12.9 billion.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
CNN, PBS Each Win Two DuPont-Columbia AwardsCNN and PBS NewsHour each won two prizes in the 2023 Alfred I. DuPont-Columbia Awards, an annual recognition of some of the best work in the realm of audio and video journalism. Other winners among…
Les mer »
Pinterest fails to pique Wall Street interest with downbeat forecastImage-sharing platform Pinterest Inc reported lower-than-expected quarterly revenue on Monday joining peers Alphabet Inc and Snap Inc in sounding the alarm on a still-weak ad market.
Les mer »
Deceive Inc. Releases Free Demo With Launch Set For Late MarchICYMI: Try out a free demo of DeceiveInc from TripwireInteractive for SteamNextFest before the game comes out next month. indiedev indiegame
Les mer »
Strikes against pension reforms to disrupt French rail and air traffic on TuesdayFrench train and air services are expected to be heavily disrupted on Tuesday by a nationwide strike against pension reforms, the national railway and civil aviation authorities said on Sunday.
Les mer »
Tuesday Forecast: Widespread showers, gusty winds, and mountain snowOn and off showers will continue overnight as temperatures remain mild. Here is a look at your forecast: FOX13
Les mer »
AUD/USD hovers around 0.6900, over two-week low as focus shifts to RBA on TuesdayThe AUD/USD pair struggles to preserve its modest intraday gains on Monday and attracts fresh sellers in the vicinity of mid-0.6900s. The pair turns b
Les mer »