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DuPont Projects Sequential Sales, Earnings Decline In Q1; Stock Tumbles

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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DuPont (DD) issued preliminary financial results for the fourth quarter and full year ended December 31, 2023. The company noted that, based on a preliminary analysis, it expects to record a non-cash goodwill impairment charge in the range of $750 million to $850 million which is included in the preliminary fourth quarter and full year 2023 GAAP ranges.

Fourth quarter GAAP loss per share from continuing operations is projected in a range of $0.88 - $0.52; adjusted EPS in a range of $0.85 - $0.87; and net sales of approximately $2.90 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.85 on revenue of $3 billion. Analysts' estimates typically exclude special items.

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