EI DuPont de Nemours & Co. (DD) Profit Rises Sharply
Chemicals maker DuPont said Tuesday fourth-quarter earnings fell 37 percent from a year earlier, when one-time items bolstered the bottom line.
But excluding those items, profit rose sharply and exceeded Wall Street expectations as the company's international business surged.
Net income slid to $545 million, or 60 cents per share, from $871 million, or 94 cents per share, in the year-ago period.
Excluding a series of gains in each period, earnings rose to 57 cents per share from 45 cents per share last year. That result exceeded estimates on Wall Street, where analysts expected 49 cents per share, according to Thomson Financial.
But excluding those items, profit rose sharply and exceeded Wall Street expectations as the company's international business surged.
Net income slid to $545 million, or 60 cents per share, from $871 million, or 94 cents per share, in the year-ago period.
Excluding a series of gains in each period, earnings rose to 57 cents per share from 45 cents per share last year. That result exceeded estimates on Wall Street, where analysts expected 49 cents per share, according to Thomson Financial.
Labels: DD, EI DuPont de Nemours and Co.
posted by Stock Administrator @ 10:01 AM
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