WILMINGTON, Del. (AP) - DuPont Co. (DD) on Tuesday reported a fourth-quarter loss of $253 million, after reporting a profit in the same period a year earlier.
WILMINGTON, Del. (AP) — DuPont Co. (DD) on Tuesday reported a fourth-quarter loss of $253 million, after reporting a profit in the same period a year earlier.
The Wilmington, Delaware-based company said it had a loss of 29 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 27 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The chemical company posted revenue of $5.3 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.41 billion.
DuPont expects full-year earnings in the range of $2.95 to $3.10 per share.
DuPont shares have fallen 20 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased 8 percent. The stock has dropped 28 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DD at http://www.zacks.com/ap/DD
Keywords: DuPont, Earnings Report, Priority Earnings