DuPont beats profit estimates, raises full-year forecasts

Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Industrial materials maker DuPont de Nemours beat Wall Street estimates for first-quarter profit and raised its full-year forecasts on Wednesday, as it benefited from higher sales in its electronics and semiconductors segment.

"Channel inventory destocking within our industrial-based businesses has bottomed and assumed recovery timing is on track with our previous expectations," DuPont chief executive officer Ed Breen said. It also estimates sales to rise to $12.10 billion to $12.40 billion from its prior target of $11.90 billion to $12.30 billion.

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