E.I. du Pont de Nemours Beats Estimates (DD)

E.I. du Pont de Nemours and Company DD released financial results on Tuesday morning that beat Wall Street estimates. E.I. du Pont de Nemours and Company announced that its 4th quarter net income fell to $376 million, or 40 cents per share, down from $441 million, or 48 cents per share, a year earlier. Excluding special items, the company's earnings came in at 50 cents per share. Du Pont reported revenue of $7.4 billion, up from $6.41 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 32 cents per share, on revenue of $6.95 billion. Chair and CEO Ellen Kullman said "The fourth quarter was a strong finish to an outstanding year. We laid the groundwork for recovery in 2009 and executed with precision and effectiveness in 2010, meeting and often exceeding our business goals and financial commitments, some a full year early. We continue to differentiate DuPont through sustainable growth, disciplined execution and ongoing productivity coupled with science-powered innovation to address population megatrends around food, energy and protection." E.I. du Pont de Nemours and Company (DD) finished the previous trading day at $48.89 per share. The consensus price target of analysts covering the company's stock is $57.08 per share. Read more from Benzinga's Company news.