DuPont Stock Rises After Earnings. Why It’s Shrugging Off Tariffs.

DuPont raised its full-year guidance. (Dreamstime)

DuPont stock was climbing Tuesday after the company reported better-than-expected earnings and said it only faces a limited hit from tariffs.

The materials technology company reported adjusted earnings per share of $1.12 on revenue of $3.26 billion. Analysts had expected earnings of $1.06 a share on revenue of $3.24 billion, according to FactSet.

The shares were up 3% at $73.06 in early trading.

DuPont said net sales growth of 3% from the same period the previous year was driven by a 2% rise in organic sales, with rising volumes partially offset by a decrease in prices.

“Ongoing strength in electronics, healthcare and water end-markets, along with our team’s focus on operational execution continued to drive strong earnings growth and cash conversion,” said CEO Lori Koch in a statement. “As a result of our strong second quarter performance, we are raising our full year earnings guidance, which now incorporates the impact of tariffs.”

DuPont said it expects adjusted earnings of $1.15 a share on net sales of around $3.32 billion for the third quarter, assuming organic growth of 3%.

For the full year, it forecast adjusted earnings of $4.40 a share. The company expects a hit of around $20 million from tariffs in the second half of the year, equivalent to a hit of four cents to adjusted earnings per share.

Write to Adam Clark at adam.clark@barrons.com