- 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.