DuPont Raises Guidance After Strong Q3 Results; Shares Jump
Third-quarter net sales rose 4% to $1.9 billion, or 5% on an organic basis. Operating EBITDA increased 8% to $469 million, and adjusted EPS rose 62% to $2.09, above estimates of $1.87.
The US company saw net sales spark 4%, or 5% on an organic basis, in the three months to September end, to $1.9bn, while operating earnings before interest, tax, depreciation and amortisation jumped 8% at $469m. Adjusted earnings per share rocketed 62% to $2.09, beating estimates for $1.87 a share…