DuPont Beats Earnings Estimates. The Stock Is Down. It's The Guidance.

📆 01/11/2023 12:31:00
📰 MarketWatch

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Materials and chemicals firm DuPont announced strong third-quarter earnings, but sliced down sales guidance.

DuPont stock was down in early trading after quarterly results showed that the global economy just isn’tgreat for industrial and materials companies. Things are still slowing down.

“We delivered solid third-quarter earnings despite ongoing volume headwinds from channel inventory destocking and continued softness in China,” said DuPont CEO Ed Breen in a news release.

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