DuPont raises annual profit forecasts on strong healthcare, aerospace demand
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- ✓DuPont raised its full-year profit forecasts on Tuesday after strong demand in healthcare and aerospace boosted third-quarter earnings.
- ✓The company now expects annual adjusted earnings of $7.47-$7.52 per share.
- ✓CFO Antonella Franzen said DuPont expected full-year results to come in at or above the high end of its prior guidance.
Story at a Glance
- Category
- MARKET
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
DuPont has raised its full-year profit forecasts and projected fourth-quarter earnings exceed analyst estimates. The company experienced strong demand in healthcare, aerospace, and industrial water markets during the third quarter. DuPont's healthcare and water technologies segment reported nearly 4% growth year-over-year, reaching $865 million in net sales. Additionally, the company recently concluded a $250 million share repurchase program and plans to buy back an additional $250 million of shares.
DuPont raised its full-year profit forecasts on Tuesday and projected fourth-quarter earnings above Wall Street estimates as strong demand in its healthcare, aerospace and industrial water markets fueled a third-quarter earnings beat.
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Economic Times
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