DuPont de Nemours Q2 Adj. EPS $0.85 Beats $0.83 Estimate, Sales $3.09B Beat $3.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
DuPont de Nemours (NYSE:DD) reported Q2 earnings of $0.85 per share, beating the analyst consensus estimate of $0.83 by 2.41%. However, this is a 3.41% decrease from last year's earnings. The company also reported quarterly sales of $3.09 billion, beating the estimate of $3.00 billion by 3.00%, but this is a 6.98% decrease from last year's sales.
August 04, 2023 | 10:45 am
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NEUTRAL IMPACT
DuPont de Nemours reported better than expected Q2 earnings and sales, but both figures are down from last year.
While DuPont de Nemours beat analyst estimates for Q2 earnings and sales, the year-on-year decreases in both figures could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100