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Home | News |DuPont forecasts higher 2016 earnings, helped by cost cuts
DuPont forecasts higher 2016 earnings, helped by cost cuts
Updated: 2016-01-29 09:54 Source: Market Report Company share:

Chemicals and seed producer DuPont forecast higher 2016 earnings, helped by aggressive cost-cutting to offset continued pressure from a strong dollar and weakness in its farm business, said Cnbc.

The company forecast full year operating earnings of USD2.95-$3.10 per share, including an expected benefit of 64 cents per share from its cost cutting and restructuring plan.

DuPont and Dow Chemical Co are in the process of a merger that would create a company with an estimated combined market capitalization of about USD130 billion as of Dec. 11, when the deal was announced. The companies plan to then break up into three separate standalone businesses.

"Our merger process is on track," DuPont Chief Executive Edward Breen said. "We are meeting key milestones and have begun our planning to create three strong, highly focused, independent businesses in agriculture, material science and specialty products."

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