Wednesday, July 26, 2017

DuPont''s results surpass estimates pulled by force in agricultural business

Profit and DuPont''s quarterly revenue surpassed estimates on Tuesday, favored by the strength in your agricultural business, the largest in the company, taking actions for maximum record.
DuPont, which is in the process of merging with Dow Chemical, up 2,4% to 86.36 dollars this morning. The Dow, which will disclose quarterly earnings on Thursday, rose 1,7%.
Sales in DuPont''s agricultural unit, which accounts for almost half of your total revenue, rose 7% as the company sold more soybean seeds in North America and sunflower seeds in Europe.
U.s. producers have planted an area record with soybeans this spring, once the demand of China offered an opportunity for culture facing the fall in demand for corn.
DuPont and Dow are getting rid of assets that are worth billions, including a portion of the crop protection business of DuPont, to meet antitrust bodies after they announce your merger agreement of 130 billion dollars.
The new company will call DowDuPont, and DuPont said she hoped that the deal is completed next month.
Net sales of DuPont rose 5,1% to 7.42 billion dollars in the second quarter ended June 30. Net income attributable to DuPont fell 15,5% to $862 million, or 99 cents per share.
DuPont said it had non-recurring expenses of $376 million in the quarter due mainly to costs related to your merger with Dow.
Excluding these items, DuPont earned 1.38 dollar per share. Analysts had estimated a profit of 1.29 dollar per share and revenue of $7.29 billion, according to Thomson Reuters.
DCI – 25/07/2017
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