DuPont’s second quarter earnings were impressive and the company’s CEO Ed Breen is doing a phenomenal job, said TheStreet’s Jim Cramer. The chemical giant reported adjusted earnings per share of $1.24 on revenue of $7.1 billion, thoroughly beating analysts’ forecasts of $1.10 a share in profit on $7.01 billion in sales. The company also lifted the low end of its full-year forecast for operating earnings per share by 10 cents to $3.15, keeping the high end at $3.20. Breen said in a statement said that DuPont benefited from lower input costs and was also able to achieve $160 million in cost savings during the quarter, keeping DuPont on track to reach $1 billion worth of savings on a run-rate basis by year’s end.
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