DuPont (DD) Posts Q2 EPS of $1.18
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EPS Growth %: -22.6%
Financial Fact:
Research and development expense: 410M
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SHIM, KOD, HEWA, More
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DuPont (NYSE: DD) reported Q2 EPS of $1.18, versus the analyst estimate of $1.21. Revenue for the quarter came in at $8.6 billion versus the consensus estimate of $8.72 billion.
Outlook
Consistent with continuing weakness in global agricultural markets, the company is reducing expectations for the year in its Agriculture segment due to weaker demand in global crop protection markets, reduced expectations for corn area in Latin America, and lower than expected soybean volumes in North America. The company continues to anticipate that the operational redesign will deliver savings of approximately $0.40 per share in 2015. As a result, the company expects operating earnings per share for 2015 to be about $3.10 per share for the full year, excluding $0.80 per share of anticipated full-year earnings from the Performance Chemicals segment. This represents a $0.10 per share reduction from the prior outlook of $4.00 per share, which included the Performance Chemicals segment.
*** The Street was modeling FY15 EPS of $3.54.
For earnings history and earnings-related data on DuPont (DD ) click here.
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