DuPont 4Q Profit, Sales Rise
February 09 2021 - 6:45AM
Dow Jones News
By Dave Sebastian
DuPont de Nemours Inc. said its profit rose for the fourth
quarter, driven by growth in its electronic and imaging segment
amid demand for semiconductors and smartphone technologies and a
recovery in automotive markets.
The Wilmington, Del.-based materials and chemicals company
Tuesday posted a profit of $222 million, compared with $176 million
in the same period last year. Earnings were 30 cents a share,
compared with 24 cents a share in the year-earlier period.
Adjusted earnings were 95 cents a share. Analysts polled by
FactSet were expecting 85 cents a share. The company had seen
adjusted earnings of 93 cents to 95 cents a share.
Sales were $5.25 billion, compared with $5.2 billion, it said.
Analysts were expecting $5.15 billion.
Electronic and imaging sales rose 9% to $1 billion. Nutrition
and biosciences sales rose 3% to $1.5 billion. Transportation and
industrial sales rose 1% to $1.2 billion. Safety and construction
sales fell 2% to $1.2 billion, the company said.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
February 09, 2021 06:30 ET (11:30 GMT)
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