DuPont Boosts FY24 Adj. EPS Outlook - Update

(RTTNews) - While reporting financial results for the third quarter, DuPont de Nemours, Inc. (DD) provided outlook for the fourth quarter and raised its adjusted earnings guidance for the full-year 2024.

For the fourth quarter, the company expects projects adjusted earnings of about $0.98 per share on net sales of about $3.07 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.98 per share on net sales of $3.14 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects adjusted earnings of about $3.90 per share on net sales of about $12.365 billion. The Street currently is looking earnings of $3.77 per share on annual revenues of $12.44 billion for the year.

Previously, the company expected adjusted earnings in the range of $3.70 to $3.80 per share on net sales between $12.40 billion and $12.50 billion.

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