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DowDuPont (DWDP) Q3 Earnings Meet, Revenues Up Y/Y

DowDuPont Inc. DWDP, which was formed through the merger of Dow Chemical and DuPont, engages in agriculture, materials science, and specialty products businesses globally. The merger was closed on Aug 31, 2017, and DowDuPont started trading on the NYSE on Sep 1. The company plans to eventually break up into three independent companies.

Let’s have a quick look at the company’s third-quarter 2017 release.

Estimate Trend

Investors should note that the earnings estimate for DowDuPont for the third quarter has seen an uptrend over the past month.

Earnings

DowDuPont raked in adjusted earnings of 55 cents per share that were in line with the Zacks Consensus Estimate.

Revenues

DowDuPont logged net sales of $15,354 million, up roughly 23% year over year.

Key Stats/Developments to Note

DowDuPont said that it will remain focused on executing its near-term priorities that include delivering earnings and cash flow growth, executing its $3 billion cost synergy initiatives and advancing stand-up activities to create three growth companies in Agriculture, Materials Science and Specialty Products.

Zacks Rank

DowDuPont currently carries a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released.

Market Reaction

DowDuPont’s shares were up 0.3% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on DowDuPont’s earnings report!

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