Chemical Company DuPont Shines In Q2: Earnings Beat, Boosts Outlook
Portfolio Pulse from Lekha Gupta
DuPont De Nemours, Inc. (NYSE: DD) reported better-than-expected Q2 earnings, with a 2% Y/Y sales increase to $3.171 billion and a 14% Y/Y rise in adjusted EPS to $0.97. The company raised its 2024 outlook and announced plans to split into three publicly traded entities, focusing on Electronics and Water businesses. DD shares rose 4.50% premarket.
July 31, 2024 | 12:20 pm
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DuPont reported strong Q2 earnings with a 2% Y/Y sales increase and a 14% Y/Y rise in adjusted EPS. The company raised its 2024 outlook and announced plans to split into three publicly traded entities, focusing on Electronics and Water businesses. Shares rose 4.50% premarket.
DuPont's better-than-expected Q2 earnings, raised 2024 outlook, and strategic plan to split into three entities are positive signals for investors. The market has reacted favorably, with shares up 4.50% premarket.
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