DuPont Reports Q4 Loss, Beats Estimates
DuPont de Nemours, Inc. (DD) reported a fourth-quarter loss of $118 million, or 28 cents per share. Adjusted earnings were $1.13 per share, exceeding analysts' expectations of 98 cents. Revenue reached $3.09 billion, also beating forecasts of $3.07 billion.
For the full year, DuPont recorded a profit of $703 million ($1.67 per share) on revenue of $12.39 billion.
Looking ahead, the company projects full-year 2023 earnings of $4.30-$4.40 per share, with revenue between $12.8 billion-$12.9 billion.