DuPont de Nemours shares up 0.6% in pre-conference trading as the technology-based materials company announced quarterly earnings that exceeded estimates, increased the dividend by 10%, gave optimistic estimates for sales and launched a new $ 1 billion treasury plan.
Net income fell to $ 204 million, or 39 cents a share, from $ 222 million, or 30 cents a year, a year earlier.
Excluding extraordinary items, adjusted earnings per share stood at $ 1.08, up from estimates of 99 cents.
Sales rose 13.9 percent to $ 4.27 billion, beating estimates of $ 4.03 billion.
The company also increased its quarterly dividend to 33 cents per share from 30 to five, with the new dividend being paid on March 15.
For 2022, the company expects adjusted earnings of $ 4.60-4.90 and sales of $ 17.4-17.8 billion, compared to convergent estimates for earnings per share of $ 4.88 and sales of $ 7.09 billion dollars.
Source: Capital
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