DowDuPont Inc. , which was formed through the merger of Dow Chemical and DuPont, engages in agriculture, materials science, and specialty products businesses globally.
Earnings
DowDuPont raked in adjusted earnings of 83 cents per share for the fourth quarter that topped the Zacks Consensus Estimate of 67 cents.
Revenues
DowDuPont logged net sales of $20,066 million. It surpassed the Zacks Consensus Estimate of $19,371 million.
Estimate Trend
Investors should note that the earnings estimate for DowDuPont for the fourth quarter has seen an uptrend over the past month.
Key Stats/Developments to Note
DowDuPont noted that it is seeing strong leading indicators of broad-based growth across developed economies including the United States, Germany and France. Moreover, the emerging middle class in developing economies, especially in China and India, continues to support sustainable growth. This augurs well for the company’s products and technologies.
The company realized more than $800 million in annual cost synergy run-rate from its cost synergy programs. It raised its cost synergy commitment from $3 billion to $3.3 billion. DowDuPont will remain committed to achieve the increased cost synergy target and deliver new products from its growth investments and strong innovation pipeline.
Zacks Rank
DowDuPont currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
DowDuPont’s shares were inactive in pre-market trading. 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 DowDuPont’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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DowDuPont (DWDP) Q4 Earnings & Revenues Top Estimates
DowDuPont Inc. , which was formed through the merger of Dow Chemical and DuPont, engages in agriculture, materials science, and specialty products businesses globally.
Earnings
DowDuPont raked in adjusted earnings of 83 cents per share for the fourth quarter that topped the Zacks Consensus Estimate of 67 cents.
Revenues
DowDuPont logged net sales of $20,066 million. It surpassed the Zacks Consensus Estimate of $19,371 million.
Estimate Trend
Investors should note that the earnings estimate for DowDuPont for the fourth quarter has seen an uptrend over the past month.
Key Stats/Developments to Note
DowDuPont noted that it is seeing strong leading indicators of broad-based growth across developed economies including the United States, Germany and France. Moreover, the emerging middle class in developing economies, especially in China and India, continues to support sustainable growth. This augurs well for the company’s products and technologies.
The company realized more than $800 million in annual cost synergy run-rate from its cost synergy programs. It raised its cost synergy commitment from $3 billion to $3.3 billion. DowDuPont will remain committed to achieve the increased cost synergy target and deliver new products from its growth investments and strong innovation pipeline.
Zacks Rank
DowDuPont currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
DowDuPont’s shares were inactive in pre-market trading. 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 DowDuPont’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>