Investing.com - DuPont (NYSE:DD) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DuPont announced earnings per share of $0.95 on revenue of $5.20B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $5.22B. That with comparison to EPS of $0.59 on revenue of $20.1B in the same period a year before.DuPont had reported EPS of $0.96 on revenue of $5.43B in the previous quarter.Analysts are expecting EPS of $1.01 and revenue of $5.52B in the upcoming quarter.
DuPont shares are down 10% from the beginning of the year and are trading at $57.69 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.87% year to date.
DuPont follows other major Basic Materials sector earnings this month
DuPont's report follows an earnings beat by Air Products on Friday, January 24, 2020, who reported EPS of $2.14 on revenue of $2.25B, compared to forecasts EPS of $2.1 on revenue of $2.29B.
Dow had beat expectations on Wednesday with fourth quarter EPS of $0.78 on revenue of $10.2B, compared to forecast for EPS of $0.74 on revenue of $10.08B.
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