DuPont's (DD) Q1 Earnings Beat Estimates, Sales Miss

DuPont de Nemours, Inc. (DD - Free Report) provides technology-based materials, ingredients and solutions. It serves several markets including electronics, transportation and construction.

Earnings

DuPont’s adjusted earnings were 84 cents per share for the first quarter. The figure beat the Zacks Consensus Estimate of 83 cents.

Revenues

DuPont posted revenues of $5,221 million. It missed the Zacks Consensus Estimate of $5,231.4 million.  

DuPont de Nemours, Inc. Price and EPS Surprise

DuPont de Nemours, Inc. Price and EPS Surprise

DuPont de Nemours, Inc. price-eps-surprise | DuPont de Nemours, Inc. Quote

Estimate Trend

Investors should note that the earnings estimate for DuPont for the first quarter have been going up over the past month.

Key Stats/Developments to Note

DuPont now sees $180 million of savings in 2020 from its earlier announced incremental cost actions. It has also implemented actions to mitigate the impact of the coronavirus pandemic. These include actions to deliver more than $500 million of working capital improvement and reduction of capital expenditures by roughly $500 million versus the prior year.

Zacks Rank

DuPont currently has a Zacks Rank #3 (Hold). 

Market Reaction

DuPont’s shares were up 2.6% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.

 

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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