DuPont de Nemours, Inc. (NYSE:DD) recorded second quarter earnings before market open today that rise above market expectation
The company reported loss of $ 571.00 million or $ 0.76 per share, compared with income of $ 1769.00 million or $ 2.27 per share, a year ago period.
Excluding special items, DD announced pro forma income of $ 0.97 per share
The revenue for the second quarter declined 6.64 percent to $ 5468.00 million from $ 5857.00 million in the same quarter last year
The consensus estimates are income of $ 0.84 per share from $ 5626.64 million in revenue.
Analysts estimates are from Thomson Reuters, exclude one time gain or loss.
Jeanmarie Desmond, Chief Financial Officer of DuPont. said, We now expect full year organic sales to be slightly down versus prior year consistent with our expectation that soft demand in our short-cycle businesses extends into the second half. In addition to actions we took in the second quarter, we are taking new cost actions in the second half to mitigate our expected top line headwinds.