DuPont takes $2.5 billion charge tied to auto business, posts wider loss
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DuPont (DD) Tops Q2 EPS by 11c, Revenues Beat; Offers 3Q EPS Outlook
July 30, 2020 6:08 AM EDTDuPont (NYSE: DD) reported Q2 EPS of $0.70, $0.11 better than the analyst estimate of $0.59. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.7 billion.
2Q20 GAAP EPS from continuing operations of $(3.37); adjusted EPS of $0.702Q20 Net Sales of $4.8 billion, down 12 percent; organic sales down 10 percent2Q20 GAAP Income (Loss) from continuing operations of $(2.5) billion and Operating EBITDA of $1.1 billionOperating cash flow of $802 million; $564 million free cash flow in the quarterGlobal slowdown in automotive industry from the impact of COVID-19 resulted in $2.5 billion non-cash impairment charge in Transportation &... More