DD - Why DuPont Stock Is Falling Today
2024-01-24 11:09:58 ET
Chemicals giant DuPont de Nemours (NYSE: DD) is seeing demand soften, both from Western industrial customers and from China. That's impacting earnings, and investors are not happy.
Shares of DuPont traded down 12% as of 10:30 a.m. ET Wednesday after the company released preliminary year-end results.
DuPont isn't scheduled to release final fourth-quarter numbers until Feb. 6. But on Wednesday, the company said it expects to earn between $0.85 and $0.87 per share in the quarter on revenue of $2.9 billion, compared to analyst expectations for $0.85 per share on revenue of $3 billion.
For further details see:
Why DuPont Stock Is Falling Today