DuPont (DD) Stock Higher Today After Third Quarter Earnings Results - TheStreet

NEW YORK (TheStreet) -- E I Du Pont De Nemours And Co. (DD) - Get Report reported 2014 third quarter earnings of $433 million, or 47 cents a share, up from $285 million, or 30 cents a share, a year earlier.

Excluding certain items, operating earnings increased to 54 cents a share from 45 cents a share. Analysts had expected a profit of 53 cents a share and revenue of $7.95 billion, according to Reuters.

Net sales fell 2.9% to $7.51 billion due to portfolio changes, while total revenue was up to $7.87 billion, the company said.

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"In the third quarter, we improved our operating margins in five of seven segments and grew operating earnings per share 20%, despite a weaker agriculture environment and sluggish economic growth in most of the world," CEO Ellen Kullman said.

For the fourth quarter, the company expects sluggish growth in the global economy, along with continuing headwinds in agriculture and from currency, the company noted.

However, the company remains confident in its ability to create higher value from its portfolio while continuing to deliver against cost productivity and corporate initiatives.

Overall, the company expects fourth quarter operating earnings per share to grow about 20% from last year's 59 cents per share, matching the growth rate the company achieved in the third quarter, and bringing full year 2014 operating earnings within its previously communicated outlook range of $4.00-$4.10 per share.

Shares of Dupont are up 0.03% to $67.90.

Separately, TheStreet Ratings team rates DU PONT (E I) DE NEMOURS as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate DU PONT (E I) DE NEMOURS (DD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."

You can view the full analysis from the report here: DD Ratings Report

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