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Feb. 9, 2021, 6:14 a.m. EST

DuPont's stock set to rise after profit, sales beat expectations

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By Tomi Kilgore

Shares of DuPont de Nemours Inc. /zigman2/quotes/203606582/composite DD -1.41% were indicated up nearly 1% in premarket trading Tuesday, after the materials and chemicals company reported fourth-quarter profit and sales that beat Wall Street expectations, as strength in semiconductors and smartphone technologies, and further recovery in automotive markets, offset weakness in oil and gas, aerospace and certain industrial markets. Net income rose to $222 million, or 30 cents a share, from $176 million, or 24 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 95 cents topped the FactSet consensus of 85 cents. Sales grew 0.9% to $5.25 billion, above the FactSet consensus of $5.15 billion. Among DuPont's business segments, electronics and imaging, nutrition and biosciences and transportation and industrial sales rose and topped forecasts, while safety and construction sales fell below expectations. For the first quarter, the company expects adjusted EPS of 75 cents to 77 cents and sales of $3.75 billion to $3.85 billion, compared with the FactSet consensus for EPS of 67 cents and sales of $3.93 billion. The stock has rallied 22.9% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.04% has gained 10.3%.

/zigman2/quotes/203606582/composite
US : U.S.: NYSE
$ 81.68
-1.17 -1.41%
Volume: 4.16M
May 10, 2021 4:04p
P/E Ratio
14.29
Dividend Yield
1.47%
Market Cap
$44.09 billion
Rev. per Employee
$599,912
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/zigman2/quotes/210599714/realtime
US : S&P US
4,188.43
-44.17 -1.04%
Volume: 2.29B
May 10, 2021 4:20p
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