DuPont Guides Above Street's Outlook |
| TheStreet.com - Apr 10, 2008 |
DuPont on Thursday lifted its first-quarter outlook, citing strong growth in its agricultural business and emerging markets.
The chemical and technology company now sees profits of $1.29 per share, vs. its previous outlook of between $1.14 to $1.19 per share. Analysts polled by Thomson Financial forecasts earnings of $1.17 a share.
DuPont's forecast represents a more than 20% jump in profit from the year-ago period. The company last year reported first-quarter earnings of $1.01 per share, including a $.06 special item charge.
The company also shifted the lower end of its full-year outlook up 5 cents, to between $3.40 and $3.55 a share. The consensus estimate is $3.45 a share. DuPont, however, warned that slowing U.S. housing and automotive markets likely will offset growth in international agriculture and other markets.
Read Full Article from TheStreet.com
- Posted: 2008-04-10 09:13:52
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