DuPont Earnings: Exceeds Analyst Expectations

EI DuPont de Nemours & Co. (NYSE:DD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are 1.06%.

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EI DuPont de Nemours & Co. Earnings Cheat Sheet

Results: Net income decreased -70.24% to $111 million (12 cents per diluted share) in the quarter versus a net gain of $373 million in the year-earlier quarter.

Revenue: Decreased 16.74% to $7.3 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: EI DuPont de Nemours & Co. reported adjusted net income of 12 cents per share. By that measure, the company beat the mean analyst estimate of $0.07. It beat the average revenue estimate of $7.26 billion.

Quoting Management: “DuPont stands stronger today than it did a year ago.  Our segments delivered innovation, productivity and integration cost synergies.  This, coupled with a record year in new product introductions, has strengthened our market position,” said DuPont Chair and CEO Ellen Kullman…

…However, weakness in markets served by Performance Chemicals and Electronics & Communications provided significant challenges in 2012.  We’ve adjusted our plans to meet the changing market environment and grow our businesses in a slow-growth world economy.”

Key Stats:

Revenue decreased 0.49% from $7.34 billion in the previous quarter. Net income increased 1010% from $10 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.66 to a profit $1.58. For the current year, the average estimate has moved down from a profit of $3.89 to a profit of $3.29 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)