DowDuPont: 2Q Earnings Snapshot
MIDLAND, Mich. (AP) _ DowDuPont Inc. (DWDP) on Thursday reported second-quarter profit of $1.77 billion.
The Midland, Michigan-based company said it had profit of 76 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.37 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The specialty chemicals maker posted revenue of $24.25 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $23.67 billion.
DowDuPont shares have fallen roughly 5 percent since the beginning of the year. The stock has risen 5 percent in the last 12 months.