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Articles

DuPont narrows annual sales forecast on water business weakness, shares fall

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By Pooja Menon
| MSN Verified
By Pooja Menon Aug 4 (Reuters) - DuPont narrowed its annual sales forecast on Tuesday, hurt by weakness in its Middle East water business and a lower foreign-exchange benefit, sending shares down nearly 5% premarket despite a quarterly profit beat and higher full-year earnings forecast. The industrial materials maker now expects 2026 net sales of $7.16 billion to $7.19 billion, compared with its previous forecast of $7.16 billion to $7.22 billion.
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HF Sinclair posts highest profit since 2022, plans lubricants unit spin-off

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By Nicole Jao Verified, Pooja Menon
| MarketScreener
NEW YORK, July 28 (Reuters) - Refiner HF Sinclair on Tuesday posted its highest quarterly profit in four years, beating second-quarter profit estimates, and announced it would separate its lubricants and specialties unit into an independent publicly traded company. U.S. refiners have been the biggest beneficiaries of the Iran war as international buyers clamored for their supplies, pushing the country's fuel exports to record highs.
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Dow forecasts quarterly core profit slightly above estimates, warns of Middle East uncertainty

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By Pooja Menon
| StreetInsider
The Dow Chemical logo is displayed on a board above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S. on December 22, 2015. REUTERS/Lucas Jackson/File Photo July 23 (Reuters) - Dow Inc ‌forecast third-quarter core ​profit ​slightly above Wall Street expectations, while warning that the quarter ahead remains difficult to predict as the U.S.-Iran conflict continues to create ‌uncertainty across several end markets.
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