DD - Why Chemical Company DuPont Shares Are Sinking Premarket Wednesday? | Benzinga
DuPont de Nemours Inc (NYSE:DD) shares are trading lower after the company reported fourth-quarter preliminary results.
The company reported preliminary fourth-quarter net sales of ~$2.90 billion (vs. consensus of $3 billion) and adjusted EPS of $0.85 – $0.87 (vs. $0.85 estimate).
For FY23, DuPont reported preliminary net sales of ~$12.07 billion (vs. consensus of $12.17 billion) and adjusted EPS of $3.46 – $3.48 (vs. $3.46 estimate). The company’s prior guidance for 2023 was ~$12.17 billion in sales and ~$3.45 in Adjusted EPS.
Q1 Outlook: DuPont expects net sales of around $2.8 billion (vs. $3.04 billion estimate) and adjusted EPS of about $0.63 ...