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DuPont Stock Jumps After Sales, Earnings Top Expectations

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DuPont stock is higher Tuesday after the materials giant beat expectations for its fourth quarter and reiterated plans for its upcoming spinoff.
DuPont de Nemours Inc. (DD) experienced a significant stock price increase after reporting better-than-expected first-quarter earnings and sales. The company's adjusted earnings per share were 84 cents, surpassing the consensus estimate of 80 cents, while sales reached $3 billion, exceeding the anticipated $2.9 billion. This performance was driven by strong demand in the electronics and water sectors, although the industrial sector saw weaker demand. CEO Ed Breen highlighted the company's focus on innovation and productivity, which contributed to the robust results. Despite challenges like lower volumes in some areas, DuPont managed to raise its full-year guidance, reflecting confidence in continued growth and operational improvements.

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