The firm now anticipates earnings of $6.87 billion this year, a decrease from its earlier forecast of $12.85 billion, based on a company announcement.
For the third quarter, the updated prediction indicates revenue of $2.98 billion and adjusted earnings per share of $1.06 (previously projected at $3.32 billion and $1.15, respectively).
DuPont anticipates a revenue increase of 3-4% each year until 2028, along with adjusted earnings growth of 8-10%.
At the close of August, DuPont consented to sell its aramid fiber division to Arclin for $1.8 billion. The firm aims to finalize the separation of its electronics division, which encompasses its chip materials sector, by November 1.
source: ft.com
For the third quarter, the updated prediction indicates revenue of $2.98 billion and adjusted earnings per share of $1.06 (previously projected at $3.32 billion and $1.15, respectively).
DuPont anticipates a revenue increase of 3-4% each year until 2028, along with adjusted earnings growth of 8-10%.
At the close of August, DuPont consented to sell its aramid fiber division to Arclin for $1.8 billion. The firm aims to finalize the separation of its electronics division, which encompasses its chip materials sector, by November 1.
source: ft.com