Investing.com - DuPont (NYSE:DD) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
DuPont announced earnings per share of $0.84 on revenue of $5.22B. Analysts polled by Investing.com anticipated EPS of $0.73 on revenue of $5.07B. That with comparison to EPS of $1.78 on revenue of $19.65B in the same period a year before.DuPont had reported EPS of $0.95 on revenue of $5.2B in the previous quarter.Analysts are expecting EPS of $0.66 and revenue of $4.76B in the upcoming quarter.
DuPont shares are down 30% from the beginning of the year and are trading at $44.72 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% year to date.
DuPont follows other major Basic Materials sector earnings this month
DuPont's report follows an earnings missed by Air Products on Thursday, April 23, 2020, who reported EPS of $2.04 on revenue of $2.22B, compared to forecasts EPS of $2.08 on revenue of $2.16B.
Sherwin-Williams had beat expectations on Wednesday, April 29, 2020 with first quarter EPS of $4.08 on revenue of $4.15B, compared to forecast for EPS of $3.92 on revenue of $4.13B.
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