DuPont says 1Q earnings are up, boosts outlook
Thursday, April 21, 2011
DOVER, Del. (AP) — The Dupont Co. is raising its 2011 earnings guidance after strong volume growth across all business segments led to an increase in first-quarter earnings.
DuPont on Thursday reported net income of $1.43 billion, or $1.52 per share, up from $1.13 billion, or $1.24 per share, for the first quarter of last year.
The results beat analysts’ predictions of $1.37 per share.
DuPont increased its full-year earnings guidance to a range of $3.65 to $3.85 per share, up from the previous range of $3.45 to $3.75 per share, excluding the impact of its acquisition of Danish food additives maker Danisco. The Wilmington, Del., company reiterated that the Danisco acquisition could reduce 2011 earnings by 30 to 45 cents per share.
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