Why DuPont (DD) Is Jumping Today

Chemicals and materials maker DuPont (DD) is rallying 7% after posting stronger-than-expected fourth quarter financial results today and providing earnings per share guidance for the current full year whose midpoint surpassed analysts’ average estimate.

A Look at DD’s Q4 Results and Its Full-Year Guidance

The company reported Q4 earnings per share, excluding certain items, of $1.13, well above analysts’ average estimate of 98 cents. The company’s revenue jumped 6.9% versus the same period a year earlier to $3.1 billion, which was $30 million above the mean outlook. DD explained that its sales were boosted by an 8% increase in volume, while this gain was slightly offset by a 1% reduction in its prices.

A scientist in a lab coat mixing the chemicals for the Liposomal Bcl-2 drug development.

Turning to the performance of the firm’s varied units, DD benefited from the continued strength of its electronics business, along with higher sales from its medical packaging, biopharma, and water units. The firm intends to spin off its electronics business on Nov. 1.

DD expects its 2025 adjusted EPS to come in at $4.30-$4.40, representing a midpoint of $4.35. That’s slightly above analysts’ average estimate heading into today’s print of $4.34.

DuPont’s Comments

“We…remain excited for and confident in DuPont’s value creation opportunities following the Electronics separation, centered around the high growth businesses of Water and Healthcare, along with other market-leading industrial product lines.” CEO Lori Koch said in a statement.

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Disclosure: None. This article is originally published at Insider Monkey.