NEW YORK, April 23, 2013 -Bestdarnpennystocks.com, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Xerox Corporation, E I Du Pont De Nemours And Co, CME Group Inc.
E I Du Pont De Nemours And Co(NYSE:DD)’s doubled its net profit in the first quarter farmers in the U.S. were persuaded to buy its drought-resistant seeds and crop protection products amidst the worst dry spell in decades to have scorched the country.
"The first quarter finished as expected, with the strong agriculture performance and performance chemicals'
decline from peak levels last year," DuPont Chief Executive Ellen Kullman said in a statement.
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Excluding one-time items, DuPont earned $1.56 per share during the quarter. The company's net income for the quarter, which included the beginning of the North American spring planting season, jumped to $3.35 billion, or $3.58 per share, in the first quarter, from $1.49 billion, or $1.58 per share, a year earlier.
Fourth-quarter earnings from continuing operations dipped to $1.47 from $1.48, a year earlier.
Net sales rose marginally to $10.4 billion on higher prices for seeds and crop protection products and demand in North America and Latin America.
DuPont increased its quarterly cash dividend by 5 percent, or two cents, to 45 cents per share.
Xerox Corporation(NYSE:XRX) on Tuesday reported a 10percent rise in the income for the first quarter but its outlook did not match expectations of the Street. The business services provider and copier company earned $296 million, or 23 cents per share, in the January-March period. That's up from $269 million, or 19 cents per share, in the same period a year earlier.
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Adjusted earnings were 27 cents per share and revenue rose 3 percent, to $5.36 billion. Analysts were expecting adjusted earnings of 24 cents per share on revenue of $5.49 billion.
Revenue from Xerox's document technology business, which represents 40 percent of total revenue, fell 9 percent to $2.14 billion. The segment includes the sale of products and supplies and the related maintenance.
Services revenue accounted for 55 percent of the total and increased 4 percent in the quarter to $2.92 billion.
For the current quarter, Xerox is forecasting earnings of 19 cents per share to 21 cents per share and adjusted
earnings of 23 cents to 25 cents per share. Analysts are expecting adjusted earnings of 26 cents per share.
Meanwhile, CME Group Inc(NASDAQ:CME) has said that it inadvertently allowed a small number of traders to see confidential data on hundreds of swaps transactions that it collects under new rules mandated by Wall Street reform legislation.
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Details on 500 swaps transactions related to agriculture and energy were released to some traders by mistake on April 1. CME corrected the problem within two days.
Under new rules, traders should be able to access data on price and volume for many swaps transactions, although the identities of the parties will be kept secret.
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