DuPont Beats Earnings Ahead of Dow Chemical Merger
DuPont shares were on the rise Tuesday following its latest quarterly results.
DuPont (DD) - Get Report shares were on the rise Tuesday following its latest quarterly results. The chemical maker reported earnings of $1.24 a share, that was $0.14 a share higher than analysts' expectations. DuPont posted revenue of $7.06 billion, also topping analysts' forecasts. Looking ahead, the company raised its profit outlook to between $3.15 and $3.20 a share. The latest profit report comes as DuPont has been cutting costs ahead of merger with Dow Chemical (DOW) - Get Report . Shareholders approved the $62 billion merger last week. Once the transaction is complete, the companies plan to break up into three parts. Dow is a holding in Jim Cramer's Action Alerts PLUS portfolio.
