DuPont: 2Q Earnings Snapshot
WILMINGTON, Del. (AP) _ DuPont de Nemours, Inc. (DD) on Thursday reported a second-quarter loss of $571 million, after reporting a profit in the same period a year earlier.
The Wilmington, Delaware-based company said it had a loss of 76 cents per share. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The specialty products/chemicals posted revenue of $5.47 billion in the period.
For the current quarter ending in October, DuPont expects its per-share earnings to range from 94 cents to 99 cents.
The company expects full-year earnings in the range of $3.75 to $3.85 per share.
DuPont shares have fallen 55% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has dropped 65% in the last 12 months.