DuPont pre-merger earnings top estimates
DuPont Co. posted second-quarter earnings that surpassed analysts’ expectations after cost-cutting to prepare for a planned merger with Dow Chemical Co., Bloomberg reported.
DuPont posted adjusted earnings of $1.24 a share, topping the average estimate by 14 cents.
Chief Executive Officer Ed Breen is cutting 10 percent of the workforce ahead of the $60 billion Dow merger.
That reduced quarterly operating costs by 12 percent, boosting profits across the board.
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