Posted January 24, 2013 by Viraj Shah in Featured

Auto-Plastics Gear DuPont Earnings Beyond Anayst Estimates


Northern, WI 1/24/2013 (avauncer) –The request for plastics that can be used in automotive industry suddenly increased and as a result EI Du Pont De Nemours And Co (NYSE:DD) declared revenue that overcomes analysts’ forecasts.

E I Du Pont De Nemours And Co (NYSE:DD), the largest U.S. chemical producer, established in 1802, reported an income at 11 cents a share. Profits exceeded the by 7 cent above ten different Bloomberg forecasts. Sales reached the value of $7.33 billion paring with the $7.25 billion of 15 forecasts.

In the beginning, E I Du Pont De Nemours And Co (NYSE:DD) was built to provide gunpowder is manufacturing products made from Corian countertops, Teflon coatings, Tyvek and Kevlar bullet proof fibers.

For 2013, E I Du Pont De Nemours And Co (NYSE:DD) announced estimates of $3.85 to $4.05 a share. This represented a rise of 2% to 7% paring last year incomes of $3.77.

In terms of this year sales, an increase is expected to $36 billion from $34.8 billion.

DuPont’s chemicals division is the world’s biggest producer of titanium dioxide, which is a white pigment that can be used in paint.

The company estimates in the first quarters of the year a small decrease in revenue obtained.

Arnold an analyst at Edward Jones advises to buy shares from E I Du Pont De Nemours And Co (NYSE:DD)declared during a phone interview “You are going to see a couple softer quarters before things firm up.”

E I Du Pont De Nemours And Co (NYSE:DD) grew 1.8 % to $47.82 and this is the highest jump since Jan. 2. DuPont’s shares have risen 6.3 % in 2013.

E I Du Pont De Nemours And Co (NYSE:DD)has a profitable situation as a tough “cash generator” as Kullman, CEO said over a phone interview.

The estimates for this year are highly optimistic, as the worldwide economic expansion is announced; so this means that the resources expenses will probably increase in 2013 about $1.9 billion comparing with $1.8 billion last year.

The fourth quarter decline in the agricultural division was limited by DuPont. The company is selling pesticides and crop seeds with a value of $92 million, from $116 million last year.

Carlyle Group LP acquired DuPont’s auto paint unit for $4.9 billion and the profits gained from that division were removed from other earnings.  What was removed from estimated fourth quarter revenue contains a total of $135 million, in order to adjust other claims.

E I Du Pont De Nemours And Co (NYSE:DD) shares were down 0.67% to $47.50

Viraj Shah

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.