By Michele Maatouk
Date: Tuesday 26 Jan 2016
LONDON (ShareCast) - (ShareCast News) - Delaware-based chemicals company DuPont posted earnings per share of $0.27 for the fourth quarter, down from $0.57 the year before but a touch better than analysts' expectations for $0.26.
However, including restructuring costs and other charges, it reported a loss of $253m, or $0.29 a share, compared with a profit of $683m in the same period a year earlier.
Quarterly revenue, meanwhile, dropped 9% from the previous year to $5.3bn mostly due to negative currency movements, just missing consensus expectations.
The company, which is currently in the process of merging with Dow Chemical, forecast full year operating earnings of $2.95 to $3.10 per share, including an expected benefit of $0.64 per share from its global cost savings and restructuring plan.
Still, this fell short of analysts' expectations for around $3.15 a share.
Chair and chief executive Ed Breen said: "We are making progress on key initiatives, including further improving our cost structure and restructuring our organisation to enhance our competitiveness.
"In this pivotal year for DuPont we have three priorities: deliver operating earnings growth while positioning our businesses to compete successfully over the long term; continue to improve our capital allocation and working capital performance; and complete the proposed merger of equals with Dow."
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Currency | US Dollars |
Share Price | $ 78.35 |
Change Today | $ -0.52 |
% Change | -0.66 % |
52 Week High | $79.29 |
52 Week Low | $61.21 |
Volume | 1,820,151 |
Shares Issued | 430.11m |
Market Cap | $33,699m |
RiskGrade | 192 |
Strong Buy | 3 |
Buy | 4 |
Neutral | 9 |
Sell | 1 |
Strong Sell | 0 |
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Time | Volume / Share Price |
16:01 | 337,498 @ $78.35 |
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15:59 | 100 @ $78.35 |
15:59 | 100 @ $78.35 |
15:59 | 100 @ $78.35 |
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