DowDuPont plans US$3 billion stock buyback

Business | 2 Nov 2018 11:54 am

Chemicals maker DowDuPont surged by 8.1 percent Thursday to US$58.27 after its third-quarter profit surpassed analysts’ estimates.

The company said sales grew in all regions, with strong gains in Asia-Pacific and Latin America. DowDuPont also said it expects to save more money from a cost-cutting program and plans to buy back another US$3 billion in stock.

Fertilizer and chemicals maker CF Industries jumped 6.3 percent to US$51.05 after it said it expects better nitrogen fertilizer prices over the next few years.-AP

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