DuPont meets 4Q profit expectations, misses revenue forecasts

WILMINGTON, N.C. – WILMINGTON, Del. (AP) _ DuPont Co. (DD) on Tuesday reported fourth-quarter net income of $683 million.

The Wilmington, Delaware-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to 71 cents per share.

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 71 cents per share.

The chemical company posted revenue of $7.38 billion in the period, which fell short of Street forecasts. Analysts expected $7.82 billion, according to Zacks.

DuPont expects full-year earnings in the range of $4 to $4.20 per share.

DuPont shares have risen slightly since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has risen 24 per cent in the last 12 months.


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Keywords: DuPont, Earnings Report, Priority Earnings