DuPont beats on strong demand in agriculture business

Reporting by Yashaswini Swamynathan in Bengaluru Editing by Arun Koyyur

Internet sales for DuPont rose 5.1 % to $7.42 billion within the second quarter ended June 30.

Internet earnings due to DuPont fell 15.five percent to $862 million, or 99 cents per share.

Excluding products, Dupont earned $1.38 per share. Analysts had expected an income of $1.29 per share and revenue of $7.29 billion, based on Thomson I/B/E/S.

DuPont stated it required electric power charge of $376 million within the quarter associated with its merger with Dow jones.

The brand new company, DowDuPont, will split up into agriculture, niche chemicals and materials companies.

() – Chemicals and seeds company DuPont (DD.N), that is merging with Dow jones Chemical (Dow jones.N), beat analysts’ estimates for profit and revenue on Tuesday, helped by greater sales in the agriculture business.

DuPont and Dow jones are hiving off assets worth billions, together with a part of DuPont’s crop protection business, to conform with anti-trust regulators after announcing their $130 billion merger-before-breakup offer December 2015.

DuPont stated it ongoing to anticipate the offer to become completed the following month.

DuPont also stated greater soybean sales in The United States and elevated interest in sunflower and corn seeds in Europe helped its agriculture business within the first half of the season.

Sales in the industry, which makes up about up to 50 % of DuPont’s total revenue, rose 7 %, as the organization offered more insecticides and fungicides.

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