BUZZ-DuPont down as weak Q2 forecast weighs

Reuters
05-02
BUZZ-DuPont down as weak Q2 forecast weighs

** Shares of chemicals and industrial solutions maker DuPont DD.N fall 1.6% to $64.98 premarket

** Co forecast Q2 net sales of $3.2 bln, compared to analysts' expectation of $3.3 bln - data compiled by LSEG

** Q2 profit stood at $1.05/shr versus expectations of $1.08/shr

** DD flags net cost impact of roughly $60 million, or 10 cents per share, from tariffs

** Tariff exposure on imports into U.S. is limited, but it might be bigger on products exported to China - Dupont

** DD remains the cheapest stock in sector hit recently from many macro angles, including tariffs, suggesting a materially low bar, though an effective cut probably means the stock is more mixed today - JPM

** As of last close, shares down 13.4% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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