DuPont Q4 Profit Slips Slightly; Adjusted Net Beats View, but Revenue Misses (DD)

By Staff,

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Chemicals maker E.I. du Pont de Nemours & Company ( DD ), commonly known as DuPont, on Tuesday posted a small downturn in fourth quarter earnings despite higher revenue.

The Wilmington, DE-based company reported fourth quarter net income of $373 million, or 40 cents per share, compared with $376 million, or 40 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 35 cents per share.

Revenue rose 14% from last year to $8.43 billion.

On average, Wall Street Analysts expected a smaller profit of 33 cents per share, albeit on higher revenue of $8.53 billion.

Looking ahead, the company reaffirmed its preciously-announced 2012 earnings guidance of $4.20 to $4.40 per share.

DuPont shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of DuPont ( DD ) have a 3.32% dividend yield, based on last night's closing stock price of $49.35. The stock has technical support in the $44 price area. If the shares can firm up, we see overhead resistance around the $50-$52 price levels.

E.I. du Pont de Nemours & Company ( DD ) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: DD

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