3 key takeaways from DuPonts Q1 earnings report

By Wajeeh Khan4 days ago

  • DuPont says its profit and sales beat analysts' estimates in fiscal Q1.
  • The board authorised a new share buyback programme worth 1.08 billion.
  • DuPont forecasts up to 11.45 billion of sales for the full financial year.

DuPont de Nemours Inc. (NYSE: DD) said on Tuesday its profit and sales in the fiscal first quarter came in better than what analysts had anticipated. All of its business segments, the company added, showed resilience in recent months as it raised its guidance for the full financial year.

1. Financial performance

DuPont reported 3.88 billion of net income in the first quarter that translates to 6.41 per share. In the comparable quarter of last year, it had posted 434.44 million of loss, or 59.75 pence per share.

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Adjusted for one-time items, the chemicals company earned 65.51 pence per share in Q1. DuPont valued its sales in the recent quarter at 2.87 billion that represents a year over year growth of 8.3%.

According to FactSet, experts had forecast the company to record 2.77 billion of sales in the first quarter. Their estimate for adjusted per-share earnings was capped at a lower 53.99 pence. In separate news from the United States, KKR & Co said its earnings climbed by 63% in the fiscal first quarter, attributed primarily to its capital markets business.

2. Share buyback and guidance for the full year

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