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DuPont beats profit and sales expectations, but trims full-year guidance ranges

Clyde Edgerton by Clyde Edgerton
May 2, 2023
in Markets
DuPont beats profit and sales expectations, but trims full-year guidance ranges
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DuPont de Nemours Inc. DD reported Tuesday first-quarter profit and sales that beat expectations, as growth in its water and protection business offset weakness in electronics and industrial business, but trimmed its full-year outlook. Shares of the specialty materials and chemical company were still inactive in the premarket. Net income fell to $257 million, or 56 cents a share, from $488 million, or 95 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to 84 cents from 82 cents and beat the FactSet consensus of 80 cents. Sales declined 7.8% to $3.02 billion but were…



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