DuPont (NYSE:DD) announced that net income dropped to $111 million, or 12 cents per share, for the last quarter of 2012, down 70 percent from $373 million or 40 cents per share, for the fourth quarter last year. Revenue was flat at $7.3 billion, with negative currency effects and portfolio changes offsetting a 3 percent increase in global volume. Analysts had expected earnings of 7 cents per share on revenue of $7.2 billion.
Shares are higher by about 1.8 percent.
Freeport-McMoRan Copper and Gold (NYSE:FCX) announced that it earned $743 million, or 78 cents a share, up from $640 million, or 67 cents, in the same period last year. Revenue increased by 8.4 percent to $4.51 billion. The company attributed the strong earnings to better copper sales and lower costs.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.