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DowDuPont (DWDP) Q3 Earnings Beat, Sales Miss Estimates

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DowDuPont Inc. (DWDP - Free Report) , 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 74 cents per share for the third quarter that topped the Zacks Consensus Estimate of 71 cents.

Revenues

DowDuPont logged net sales of $20,123 million. It missed the Zacks Consensus Estimate of $20,305 million.

Estimate Trend

Investors should note that the earnings estimate for DowDuPont for the third quarter have been stable over the past month.

Key Stats/Developments to Note

The company is seeing strong global demand for its products, aided by business investment, manufacturing output, job growth and wage increases. It will remain focused on driving top-line growth from above-GDP demand growth for its products and new product launches as well as delivering productivity and cost synergy savings.

Zacks Rank
 
DowDuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.

Market Reaction

DowDuPont’s shares were up 0.7% 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!

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