DowDuPont: 2Q Earnings Snapshot

DowDuPont Inc. (DWDP) on Thursday reported second-quarter profit of $1.77 billion.

The Midland, Michigan-based company said it had profit of 76 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.37 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The specialty chemicals maker posted revenue of $24.25 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $23.67 billion.

DowDuPont shares have fallen roughly 5 percent since the beginning of the year. The stock has risen 5 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on DWDP at https://www.zacks.com/ap/DWDP