DuPont expects strong second-half on boost from China's reopening

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DuPont expects strong second-half on boost from China's reopening
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:DuPont de Nemours Inc on Tuesday projected results to improve in the second-half of the year from steadying consumer electronics demand, normalized inventory levels at customers and China's reopening.Shares reversed from premarket losses to jump 6 per cent to $76.82 in morning trade after the company also sa

:DuPont de Nemours Inc on Tuesday projected results to improve in the second-half of the year from steadying consumer electronics demand, normalized inventory levels at customers and China's reopening.

"China coming back on its own from kind of this artificial COVID thing alone is going to help with demand," Chief Executive Officer Ed Breen said in a post-earnings call. It expects full-year adjusted earnings between $3.50 and $4.00 per share, compared with estimates of $3.86.

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