DuPont takes US$2.5b charge, posts bigger quarterly loss

The Business Times | Jul 30, 2020 at 2:00 AM
  • DuPont reported a bigger second-quarter loss on Thursday and wrote down the value of its automotive business by US$2.5 billion, one of its biggest markets that has been hard hit by the Covid-19 pandemic.
  • DuPont projected adjusted earnings between 71 and 73 US cents for the current quarter, marginally above analysts’ estimate of 71 US cents.
  • Excluding one-off items, DuPont earned 70 US cents per share, beating analysts’ 59 US cent estimate.