DuPont de Nemours raised its full-year profit forecast above Street estimates on Tuesday after the industrial materials maker beat third-quarter earnings target on strong demand for electronics and artificial intelligence-based technology. New orders improved in the U.S. manufacturing sector in September, primarily driven by an AI surge and increased China demand, which helped DuPont raise its profit target for a third time. The manufacturer has also been benefiting from falling interest rates and lower material prices.
DuPont raises full-year profit forecast above estimates on strong AI-tech demand
This was originally published on post