DuPont Revises FY23 Outlook: Adj. EPS $3.40 - $3.50 (Down From $3.55 - $3.70 Prior) Vs. $3.60 Estimate, Revenue $12.45B - $12.55B (Up From $12.3B - $12.5B Prior) Vs. $12.41B Estimate
Portfolio Pulse from Benzinga Newsdesk
DuPont has revised its FY23 outlook, lowering its adjusted EPS from $3.55-$3.70 to $3.40-$3.50, which is below the $3.60 estimate. However, it has increased its revenue forecast from $12.3B-$12.5B to $12.45B-$12.55B, slightly above the $12.41B estimate.
August 04, 2023 | 10:48 am
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NEGATIVE IMPACT
DuPont's lowered EPS outlook for FY23 may negatively impact its stock price in the short term. However, the increased revenue forecast could offset some of this impact.
Investors often react negatively to lowered earnings forecasts, which can lead to a decrease in stock price. However, the increased revenue forecast could be seen as a positive sign of growth, potentially offsetting some of the negative impact.
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IMPORTANCE 80
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