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DuPont profits double, plans $5-billion share buyback

2:36 PM MST | January 28, 2014 | Rebecca Coons

DuPont has doubled fourth quarter profits and beat analysts’ estimates as its agricultural segment swung to profit in what is normally a seasonally weak quarter. The company reports net income of $185 million for its fiscal quarter ended 31 December, compared with $92 million in year-ago quarter. Earnings of 59 cts/share beat analysts’ consensus estimates of 55 cts/share, as reported by Thomson Reuters (New York). Sales increased 6% year-on-year (YOY), to $7.7 billion, with 9% volume growth. Agriculture operating earnings swung from a $77-million loss...

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