DuPont de Nemours, Inc., also known as DuPont, has reported a decrease in its first-quarter earnings compared to the same period the previous year. The company recorded earnings of $164 million or $0.45 per share, a decrease from the $257 million or $0.56 per share for the same quarter in the previous year.
When taking certain items into account, DuPont's adjusted earnings for the period stood at $334 million or $0.79 per share. However, the company's revenue for the first quarter dipped by 3.0% to $2.93 billion, compared to last year's $3.02 billion.
Here's a quick look at the earnings of DuPont (in accordance with Generally Accepted Accounting Principles):
- First-quarter earnings: $164 million, down from $257 million last year
- Earnings Per Share (EPS) for the first quarter: $0.45, down from $0.56 last year
- First-quarter revenue: $2.93 billion, down from $3.02 billion last year
As for future expectations, DuPont has issued its full-year guidance. It predicts EPS to stand between $3.45 and $3.75, with revenue projected to be within the range of $12.1 billion to $12.4 billion.
