DuPont Quarterly Earnings, Sales Outstrip Expectations

By Carla Mozee Markets MarketWatch Pulse

DuPont on Tuesday posted quarterly results that surpassed expectations set by Wall Street analysts. The chemicals heavyweight said second-quarter operating earnings were $1.21 billion, or 97 cents a share, compared with $1.09 billion, or $1.16 a share, year ago. Adjusted earnings of $1.38 a share were higher than the FactSet consensus estimate of $1.29 a share. Revenue in the second quarter rose to $7.42 billion from $7.06 billion a year ago, above expectations of $7.3 billion. DuPont also said it still expects to close its merger with Dow Chemical Co. in August.

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