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 gaining from its aggressive cost-saving and productivity measures. It also remains committed to introduce new higher-performing products to meet farmers’ needs.
Let’s have a quick look at the company’s second-quarter 2017 release.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for DuPont for the second 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 $1.38 per share that topped the Zacks Consensus Estimate of $1.29.
DuPont logged net sales of $7,424 million, up roughly 5% year over year. That also beat the Zacks Consensus Estimate of $7,260 million.
Key Stats/Developments to Note
DuPont saw higher volumes across all segments in the reported quarter, mainly led by Agriculture, Electronics & Communications and Protection Solutions. The company continues to expect the closing of its merger with Dow Chemical to take place in Aug 2017.
DuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.
DuPont’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 DuPont’s earnings report!
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