DuPont Beats Q2 Earnings Estimates, Revises FY23 Outlook
Portfolio Pulse from Lekha Gupta
DuPont De Nemours, Inc. (NYSE:DD) reported a Q2 FY23 sales decrease of 7% Y/Y to $3.09 billion, beating the consensus of $3.00 billion. Adjusted EPS was $0.85, above the consensus of $0.83. The company revised its FY23 net sales guidance to $12.45 billion - $12.55 billion, up from prior $12.3 billion - $12.5 billion. However, it lowered its Adjusted EPS guidance to $3.40 - $3.50, down from the prior $3.55 - $3.70. DD shares are trading lower by 0.34% at $76.78 premarket.
August 04, 2023 | 11:09 am
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DuPont beat Q2 earnings estimates but lowered its FY23 EPS guidance. Shares are trading lower premarket.
Despite beating Q2 earnings estimates, DuPont lowered its FY23 EPS guidance, which could have led to the decrease in its premarket share price.
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IMPORTANCE 80
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