DowDuPont reports 1Q earnings of $1.1B
Midland – DowDuPont Inc. on Thursday reported first-quarter earnings of $1.1 billion.
On a per-share basis, the Midland-based company said it had a profit of 47 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.12 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The specialty chemicals maker posted revenue of $21.51 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $21.32 billion.
DowDuPont shares have dropped 11 percent since the beginning of the year. The stock has risen almost 2 percent in the last 12 months.
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