Company news: DuPont (DD) posts mixed quarterly results

DuPont (DD) reported Q3 FY2024 earnings of $1.18 per share (versus $0.92 per share in Q3 FY2023), beating analysts’ consensus estimate of $1.03 per share.

The company’s quarterly revenues amounted to $3.192 bln (+4.4% y/y), missing analysts’ consensus estimate of $3.203 bln.

The company also issued mixed guidance for FY2024, seeing EPS of $3.90 versus its previous guidance of $3.70-3.80 and analysts’ consensus estimate of $3.77 and revenues of ~$12.365 bln versus its previous guidance of $12.40-12.50 bln and analysts’ consensus estimate of $12.44 bln.

DD rose to $83.51 (+2.03%) in pre-market trading.