E.I. du Pont de Nemours (DD) has been a dependable stalwart for decades in the American markets.
It has been in the process of a very important identity transition as a
company for the last couple years, transitioning from a chemical
company to an Agri-related business. I believe it is in the last stages
of its transition with the sales of its last division.
This
is going to be a major move for the company and when it's complete, I
would expect the company become much more profitable. Let's take a look
at the "performance chemical division" and see how the company is
transitioning.DuPont had a great third quarter! Both revenues and
profits were higher than last year, but only profits beat analyst
expectations. Earnings rose 41% compared to a year ago and revenue grew
by 4.6% to $7.74 billion which is very close to the $7.78 billion Wall
Street expected. Read More : DuPont
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