06:41 AM EDT, 05/01/2024 (MT Newswires) -- DuPont de Nemours ( DD ) reported Q1 adjusted earnings Wednesday of $0.79 per diluted share, down from $0.84 a year earlier.

Analysts polled by Capital IQ expected $0.65.

Net sales for the quarter ended March 31 was $2.93 billion, down from $3.02 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.81 billion.

DuPont ( DD ) said it expects Q2 adjusted EPS of $0.84 on net sales of $3.03 billion. Analysts polled by Capital IQ expect $0.79 and $3.02 billion.

The materials and chemicals company said it now expects 2024 adjusted EPS of $3.45 to $3.75. That compares with $3.25 to $3.65 previously. Analysts polled by Capital IQ expect $3.43.

Net sales for the current year is now projected to be $12.10 billion to $12.40 billion, the company said. That compares with the company's prior guidance of $11.90 billion to $12.30 billion. Analysts surveyed by Capital IQ expect $12.14 billion.

The company's shares were up more than 3% in recent Wednesday premarket activity.

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