Market Overview

UPDATE: DuPont Posts Surge In Q4 Profit

Share:
Related DD
Billionaire Nelson Peltz's Trian Fund Holds These 11 Stocks
Nelson Peltz & Trian Nix Compromise With DuPont, Stock Rises
Wall Street Breakfast: The Interest Rate Cuts Continue (Seeking Alpha)

E.I. DuPont de Nemours & Co (NYSE: DD) reported a strong rise in its net profit for the fourth quarter and announced its plans to initiate a $5 billion share-buyback program.

DuPont's quarterly profit surged to $185 million, or $0.20 per share, versus a year-ago profit of $92 million, or $0.09 per share. Its adjusted profit rose to $0.59 per share from $0.20 per share.

Its revenue gained to $7.84 billion from $7.57 billion. However, analysts were estimating adjusted earnings of $0.55 per share on revenue of $7.81 billion.

For 2014, DuPont projects operating earnings of $4.20 to $4.45 per share.

DuPont shares closed at $60.24 yesterday.

Posted-In: profitEarnings News Buybacks

 

Related Articles (DD)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→