Dupont: raises target annual EPS range
(CercleFinance.com) - On the publication of its quarterly results, DuPont has announced an increase in its target range of pro-forma adjusted EPS to between 3.
75 dollars and 3.85 dollars, but expects organic sales growth to decline slightly in 2019.
The chemist posted Q2 2019 adjusted EPS growth of 9% at 97 cents, 14 cents above the consensus, despite revenues falling 7% to 5.5 billion dollars (-3% organically).
Executive president Ed Breen said that these results reflected the group's ability to constantly changing market conditions, also mentioning the group's launch of a two billion dollar stock repurchase program.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
75 dollars and 3.85 dollars, but expects organic sales growth to decline slightly in 2019.
The chemist posted Q2 2019 adjusted EPS growth of 9% at 97 cents, 14 cents above the consensus, despite revenues falling 7% to 5.5 billion dollars (-3% organically).
Executive president Ed Breen said that these results reflected the group's ability to constantly changing market conditions, also mentioning the group's launch of a two billion dollar stock repurchase program.
Copyright (c) 2019 CercleFinance.com. All rights reserved.