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DuPont (DD - Free Report) , a Dow 30 component, is a global science company with a diverse array of product offerings. Its products have applications across a bevy of industries including transportation, construction, oil and gas, automobile, apparel, agriculture, nutrition and health, packaging and electronics.
DuPont is exposed to unfavorable currency impact stemming from a strong dollar. Moreover, its agriculture business is faced with industry-wide challenges. However, the company is gaining from its aggressive cost-saving and productivity measures.
Let’s have a quick look at the company’s third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for DuPont for the third quarter have been static over the past month. DuPont has beaten the Zacks Consensus Estimate in all of the trailing four quarters.
DuPont raked in adjusted earnings of 34 cents per share that topped the Zacks Consensus Estimate of 21 cents.
Revenues
DuPont logged net sales of $4,917 million, up roughly 1% year over year. That beat the Zacks Consensus Estimate of $4,879 million.
Key Stats/Developments to Note
DuPont has raised its adjusted earnings guidance for 2016. It now sees adjusted earnings to rise 17% year over year to $3.25 per share, an increase from its earlier view of $3.15-$3.20 per share. The company now expects full-year earnings (on a reported basis) to be roughly $2.71 per share. The company continues to expect benefit of 64 cents per share from its 2016 global cost savings and restructuring plan.
Zacks Rank
DuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
DuPont’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on DuPont’s earnings report!
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DuPont's (DD) Q3 Earnings & Revenues Beat Estimates
DuPont (DD - Free Report) , a Dow 30 component, is a global science company with a diverse array of product offerings. Its products have applications across a bevy of industries including transportation, construction, oil and gas, automobile, apparel, agriculture, nutrition and health, packaging and electronics.
DuPont is exposed to unfavorable currency impact stemming from a strong dollar. Moreover, its agriculture business is faced with industry-wide challenges. However, the company is gaining from its aggressive cost-saving and productivity measures.
Let’s have a quick look at the company’s third-quarter 2016 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for DuPont for the third quarter have been static over the past month. DuPont has beaten the Zacks Consensus Estimate in all of the trailing four quarters.
DU PONT (EI) DE Price and EPS Surprise
DU PONT (EI) DE Price and EPS Surprise | DU PONT (EI) DE Quote
Earnings
DuPont raked in adjusted earnings of 34 cents per share that topped the Zacks Consensus Estimate of 21 cents.
Revenues
DuPont logged net sales of $4,917 million, up roughly 1% year over year. That beat the Zacks Consensus Estimate of $4,879 million.
Key Stats/Developments to Note
DuPont has raised its adjusted earnings guidance for 2016. It now sees adjusted earnings to rise 17% year over year to $3.25 per share, an increase from its earlier view of $3.15-$3.20 per share. The company now expects full-year earnings (on a reported basis) to be roughly $2.71 per share. The company continues to expect benefit of 64 cents per share from its 2016 global cost savings and restructuring plan.
Zacks Rank
DuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
Market Reaction
DuPont’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on DuPont’s earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>