| DuPont doubles down on cost cuts ahead of Dow Chemical merger | |
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(Reuters) - Chemicals and seed producer DuPont's (DD.N) quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co (DOW.N). The company said it expects full-year operating earnings of $2.95-$3.10 per share, compared with analysts' average estimate of $3.10 per share, according to Thomson Reuters I/B/E/S. Excluding $622 million of restructuring and other charges, fourth-quarter operating profit was 27 cents per share, slightly above analysts' average estimate of 26 cents. The company said its cost-reduction efforts added 10 cents to its profit in the three months ended Dec.31. Net loss attributable to the company was $253 million, or 29 cents per share, in the quarter, compared with a profit of $683 million, or 74 cents per share, a year earlier. Net sales fell 9.4 percent to $5.3 billion. Shares of DuPont, a Dow Jones industrial average component, have lost a quarter of their value over the last 12 months, closing at $52.99 on the New York Stock Exchange Monday. (This version of the story corrects workforce number to 54,000 from 63,000 in sixth paragraph) (Reporting by Amrutha Gayathri and Swetha Gopinath in Bengaluru; Editing by Shounak Dasgupta and Saumyadeb Chakrabarty)
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du Pont de Nemours and Co
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CODE : DUPP.PA |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
du Pont de Nemours est une société basée aux Etats-Unis D'Amerique. du Pont de Nemours est cotée en France. Sa capitalisation boursière aujourd'hui est 49,7 milliards €UR (55,5 milliards US$, 49,6 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2009 à 10,03 €UR, et son plus haut niveau récent le 20 mars 2015 à 72,47 €UR. du Pont de Nemours possède 876 409 984 actions en circulation. |