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DuPont Raises 2024 Guidance For Net Sales, Adj. EPS - Quick Facts

(RTTNews) - DuPont (DD) said, at the mid-point of updated guidance ranges for full year 2024, the company now estimates net sales of about $12.25 billion, operating EBITDA of about $2.975 billion and adjusted EPS of $3.60 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $3.45 on revenue of $12.12 billion. Analysts' estimates typically exclude special items.

For the second quarter, the company estimates: adjusted EPS of approximately $0.84; and net sales of approximately $3.025 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.78 on revenue of $3.02 billion.

The company's first quarter earnings came in at $164 million, or $0.45 per share compared with $257 million, or $0.56 per share, a year ago. GAAP EPS from continuing operations was $0.41 compared to $0.58. Adjusted earnings per share was $0.79 compared to $0.84. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65, for the quarter.

The company's revenue for the quarter fell 3.0% to $2.93 billion from $3.02 billion last year. Organic sales declined 6% consisted of a 5% decrease in volume and a 1% decrease in price. Analysts on average had estimated $2.81 billion in revenue.

Shares of DuPont are up 3% in pre-market trade on Wednesday.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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