DuPont (DD) Tops Q4 EPS by 9c; Sees Merger Closing in First Half
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Revenue Growth %: -6.3%
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Less: Net income attributable to noncontrolling interests: 4M
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DuPont (NYSE: DD) reported Q4 EPS of $0.51, $0.09 better than the analyst estimate of $0.42. Revenue for the quarter came in at $5.2 billion versus the consensus estimate of $5.29 billion.
"2016 was an important year for DuPont as we exceeded our expectations for earnings, cost savings, operating margin expansion and free cash flow improvement," said Ed Breen, chairman and CEO of DuPont. "We made excellent progress on our strategic priorities in 2016 to increase shareholder value, and we will build on this groundwork as we move into 2017. We look forward to closing the merger with Dow and are continuing to have constructive discussions with regulators in key jurisdictions. We now expect the merger to close in the first half of 2017, pending regulatory approval."
For earnings history and earnings-related data on DuPont (DD) click here.
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