DuPont Stock Falls After Earnings. Understanding Spinoffs Can Be Hard.
1. DuPont reported Q3 EPS of $1.09, exceeding expectations. 2. Earnings figures adjusted post-Qnity Electronics spinoff; comparisons unclear. 3. Q4 guidance suggests earnings of 43 cents, below analyst expectations. 4. Share buyback of $2 billion announced; dividend reduced to 20 cents. 5. Early trading saw a 5.9% drop in share price.