BizNomic

Almost like a tit for tat to the depressing NAR reports that came in yesterday, DuPont results thankfully brought some good news today.

E. I. du Pont de Nemours and Company, more commonly DuPont or Du Pont, the world’s second largest chemical company (after BASF) in terms of market capitalization, reported a fourth quarter profit that surpassed analysts’ estimates with a net income of a whopping $441 million, or 48 Cents a share, as compared to a net loss of $629 million, or 70 Cents, a year earlier. Coming as a pleasant surprise, profit beat the 41% average estimate of 14 analysts surveyed by Bloomberg, at 44 cents a share (with the exclusion of some items). Its sales volumes had fallen by as much as 20% during the recession, and reported a growth in the fourth quarter for the first time since mid 2008.

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