DuPont Sees Fiscal Year Adjusted Profit Ahead of Analyst Views; More Cash Generation in 4Q
October 29 2020 - 7:01AM
Dow Jones News
By Matt Grossman
DuPont de Nemours Inc. on Thursday issued full-year earnings
guidance that anticipates a stronger profit result than analysts
had been expecting.
Wilmington, Del.-based DuPont said it expects its full-year
adjusted profit will be $3.17 a share to $3.21 a share, with
revenue of $20.1 billion to $20.2 billion. Analysts polled by
FactSet had been forecasting an adjusted profit of $3.03 a share,
with revenue of $20.12 billion.
"We anticipate a fourth quarter underscored by additional cash
generation and operating leverage across our core segments driven
by additional cost savings," Chief Financial Officer Lori Koch
said.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 29, 2020 06:46 ET (10:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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