DuPont de Nemours Inc. reported Tuesday first-quarter profit and sales that beat expectations, as growth in its water and protection business offset weakness...
DuPont de Nemours Inc. DD reported Tuesday first-quarter profit and sales that beat expectations, as growth in its water and protection business offset weakness in electronics and industrial business, but trimmed its full-year outlook. Shares of the specialty materials and chemical company were still inactive in the premarket. Net income fell to $257 million, or 56 cents a share, from $488 million, or 95 cents a share, in the year-ago period.
Net income fell to $257 million, or 56 cents a share, from $488 million, or 95 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to 84 cents from 82 cents and beat the FactSet consensus of 80 cents. Sales declined 7.8% to $3.02 billion but were above the FactSet consensus of $2.94 billion. Water and protection sales grew 1.4% to $1.45 billion while electronics and industrial sales fell 15.6% to $1.30 billion.
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