Wilmington, DE-based DuPont reported higher-than-expected fourth-quarter operating income and revenue, beating analysts' forecasts. Excluding extraordinary items, income rose to $545 million from $422 million a year earlier. Including the extraordinary items, net income fell to $545 million from $449 million in the year-earlier period.
Revenue for the quarter was $7 billion, an 11% increase over the previous year. Analysts expected DuPont to report revenue of $6.67 billion for the quarter. DuPont said its large global presence and strong sales in the agricultural sector boosted revenue in the quarter.
For the full year 2007, earnings per share came to $3.22 versus $3.38 for the full year in 2006. But excluding certain items, the company said 2007 earnings increased 14% to $3.28 per share compared to $2.88 the prior year.