RTTNews | Aug 3, 2021 06:18AM EDT

06:18 Tuesday, August 3, 2021 (RTTNews.com) - While reporting strong second-quarter results on Tuesday, DuPont De Nemours & Co. (DD) issued third-quarter earnings and sales forecast above market estimates. Further, the company again raised fiscal 2021 guidance above market view.

For the third quarter, the company expects adjusted earnings between $1.11 and $1.13 per share, operating EBITDA between $1.06 billion and $1.08 billion and net sales to be between $4.18 billion and $4.23 billion.

On average, analysts polled by Thomson Reuters expect earnings of $0.98 per share and net sales of $3.98 billion for the quarter. Analysts' estimates typically exclude special items.

For full year 2021, DuPont now expects adjusted earnings in the range of $4.24 to $4.30 per share. The company previously expected adjusted earnings per share in the range of $3.60 to $3.75 per share.

Net sales are now estimated to be between $16.45 billion and $16.55 billion and operating EBITDA between $4.21 billion and $4.26 billion. The company previously expected net sales between $15.7 billion and $15.9 billion and operating EBITDA between $3.98 billion and $4.08 billion.

Analysts expect earnings of $3.76 per share and net sales of $15.88 billion for the year.

Lori Koch, Chief Financial Officer of DuPont, said, "As a result of our strong first half of the year, our expectations of continued momentum within our key end-markets, and confidence in our team's ability to navigate through global supply chain constraints, we are raising our guidance for the year for net sales, operating EBITDA and adjusted EPS."

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