DuPont Raises FY24 Outlook: Adj EPS Guidance From $3.45-3.75 to $3.70-$3.80 vs $3.63 Estimate; Revenue From $12.10B-$12.40B to $12.40B-$12.50B vs $12.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
DuPont has raised its FY24 outlook, increasing its adjusted EPS guidance from $3.45-$3.75 to $3.70-$3.80, surpassing the $3.63 estimate. Additionally, revenue guidance has been raised from $12.10B-$12.40B to $12.40B-$12.50B, exceeding the $12.26B estimate.
July 31, 2024 | 10:04 am
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DuPont has raised its FY24 outlook, increasing its adjusted EPS guidance from $3.45-$3.75 to $3.70-$3.80, surpassing the $3.63 estimate. Additionally, revenue guidance has been raised from $12.10B-$12.40B to $12.40B-$12.50B, exceeding the $12.26B estimate.
DuPont's raised guidance for both EPS and revenue indicates stronger-than-expected performance, which is likely to positively impact the stock price in the short term. The new guidance surpasses analyst estimates, signaling confidence in future earnings and revenue growth.
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