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Search resuls for: "Lori Koch"


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☆ Want to ride the next wave of the AI trade beyond tech? These 2 portfolio stocks fit the bill
  + stars: | 2024-04-10 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +10 min
Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.
Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, —, Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China
☆ DuPont trims revenue forecast on slow electronics recovery, shares fall
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +2 min
May 2 (Reuters) - DuPont de Nemours Inc (DD.N) on Tuesday cut its full-year revenue forecast, citing slower-than-expected recovery in the electronics and industrial markets, sending its shares down nearly 5% in premarket trading. The materials and chemicals maker expects customer utilization in the electronics markets to bottom in the "near-term" and improve only in the third quarter. DuPont cut the top-end of its annual sales forecast to $12.50 billion from $12.90 billion, while retaining the lower end at $12.30 billion. "Within electronics markets, we continue to see weakness and channel inventory destocking in the near-term," Chief Financial Officer Lori Koch said in a statement. "We continue to expect ongoing strength throughout the year in areas such as water, automotive, aerospace and healthcare," Koch said.
☆ DuPont beats profit estimates, launches $5 bln share buyback plan
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +1 min
Nov 8 (Reuters) - DuPont de Nemours (DD.N) beat Wall Street expectations for third-quarter profit as strong demand for electronics and other industrial products helped it offset cost pressures, sending its shares up nearly 3% in premarket trading. The industrial materials maker also announced a new $5 billion share repurchase program and said it plans to retire $2.5 billion in long-term debt, but kept its full-year sales forecast unchanged. Sustained demand helped the company shore up third-quarter revenue of $3.3 billion, up nearly 4% from last year. Its adjusted earnings of 82 cents per share in the three months ended Sept. 30, came above analysts' average expectation of 79 cents per share. Meanwhile, net income fell to $376 million, or 73 cents per share, from $404 million, or 75 cents per share, a year earlier.
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