Why Shares of DuPont Fell Today
Shares of DuPont de Nemours (NYSE: DD) fell more than 8% on Thursday following the chemical company's quarterly earnings report. The fourth-quarter results matched estimates, but Wall Street was disappointed by the company's guidance for the first quarter.
Before markets opened on Thursday, DuPont, one of three publicly traded companies formed out of the 2019 breakup of DowDuPont, reported fourth-quarter adjusted earnings of $0.95 per share on revenue of $5.2 billion, in line with analyst expectations. Net sales were down 5% year over year due to weakness in the automotive market and a declining price for nylon.
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Source Fool.com
