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DuPont Tops Estimates as Premerger Cost Cuts Boost Margins

  • Low end of full-year profit forecast raised 10 cents a share
  • Earnings climb in agriculture business and every other unit
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DuPont Co. posted second-quarter earnings that surpassed analysts’ estimates as cost cuts ahead of a historic merger with Dow Chemical Co. helped boost profit in every business segment.

DuPont also raised the low end of its forecast for full-year earnings by 10 cents a share, according to a statement Tuesday. Chief Executive Officer Ed Breen is cutting 10 percent of the workforce ahead of the $60 billion tie-up with Dow, the biggest ever in the chemical industry.