Credit Suisse Assumes DuPont (DD) at Neutral
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DuPont Reports 4Q and Full-Year Operating EPS of $0.27 and $2.77
January 26, 2016 6:18 AM ESTWILMINGTON, Del., Jan. 26, 2016 /PRNewswire/ --
Fourth-Quarter Highlights
Fourth-quarter operating earnings per share were $0.27, in line with expectations, versus $0.57 in prior year. GAAP1 (losses) earnings per share were ($0.26) versus $0.63 in prior year. Excluding currency, sales declined 1 percent. Currency negatively impacted sales by an additional 8 percent. Segment pre-tax operating earnings of $553 million included $170 million, or $0.17 per share, of negative impact from currency. Growth in Industrial Biosciences and Nutrition & Health was more than offset by declines in Agriculture, Performance Materials, Safety & Protection and Electronics & Communications. Cost reductions from operational... More