DowDuPont: 1Q Earnings Snapshot
MIDLAND, Mich. (AP) — DowDuPont Inc. on Thursday reported first quarter earnings of $520 million.
The Midland, Michigan-based company said it had net income of 23 cents per share. Earnings, adjusted for severance costs and non-recurring costs, came to 84 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The specialty chemicals maker posted revenue of $19.65 billion in the period.
DowDuPont shares have fallen 30% since the beginning of the year. The stock has dropped 41% in the last 12 months.