DuPont (DD) Misses Earnings And Revenue Estimates In Q4
Zacks Investment Research | Jan 29, 2020 08:55PM ET
DuPont de Nemours, Inc. (NYSE:DD) recorded earnings (on a reported basis) from continuing operations of 24 cents per share for fourth-quarter 2019, down from earnings of 39 cents per share in the comparable quarter a year ago. The bottom line in the reported quarter was hurt by higher tax rate and lower segment results.
Barring one-time items, earnings were 95 cents per share for the reported quarter, missing the Zacks Consensus Estimate of 96 cents.
DuPont raked in net sales of $5,204 million, down around 5% from the comparable quarter a year ago. It fell short of the Zacks Consensus Estimate of $5,217.7 million.
Net sales fell 2% on an organic basis as 1% higher pricing was more than offset by 3% lower volumes. The company faced challenges from weak automotive markets and lower nylon prices.
DuPont de Nemours, Inc. Price, Consensus and EPS Surprise
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