Before the opening bell on Tuesday, DuPont (DD) released its first quarter financial results. Here’s what the results mean for mutual fund investors.
Inside DD's Results
DuPont (DD) reported earnings of $1.03 billion, or $1.13 per share, down from $1.44 billion, or $1.54 per share, a year ago. Adjusted EPS came in at $1.34, above analysts’ estimate of $1.31.
Revenue dropped to $9.172 billion from $10.128 billion. On average, analysts expected to see revenue of $9.41 billion.
Foreign Exchange Digging into Profits
DuPont has become the latest company to see its profits negatively impacted by the stronger dollar. The company said that it expects foreign exchange to cut into full year earnings by as much as 80 cents per share, but still expects the EPS to meet its previous guidance.
Mutual Funds to Watch
Investors considering a stake in DD may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
|VTSMX||Vanguard Total Stock Market Index||1.76%|
The Bottom Line
The funds above offer investors exposure to a diverse group of securities and industries. Investors interested in DD may also be interested in Monsanto (MON).
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