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DowDuPont Q3 profit climbs 5.4% YOY

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DowDuPont Q3 profit climbs 5.4% YOY

DowDuPont Inc. said its normalized net income for the third quarter amounted to 71 cents per share, compared with 71 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $884.6 million, a gain of 5.4% from $839.3 million in the prior-year period.

The normalized profit margin rose to 7.3% from 5.8% in the year-earlier period.

Total revenue decreased 16.4% year over year to $12.04 billion from $14.40 billion, and total operating expenses decreased 19.4% year over year to $10.49 billion from $13.01 billion.

Reported net income increased 62.5% from the prior-year period to $1.37 billion, or $1.09 per share, from $840.7 million, or 71 cents per share.