DuPont to benefit from global agriculture growth |
| MarketWatch - Jan 9, 2008 |
E.I. du Pont de Nemours & Co. expects 2007 profit to come in at the upper end of its previously forecast range of $3.15 to $3.20 a share, thanks to emerging-market growth, particularly for its agriculture and nutrition business, the chemicals giant said Wednesday.
The Wilmington, Del.-based company , part of the Dow Jones Industrial Average, also adjusted higher its outlook for 2008 earnings to a range of $3.35 to $3.55 a share, up from an earlier forecast of $3.31 to $3.52 a share.
Analysts polled by Thomson Financial have been looking, on average, for earnings of $3.19 a share for 2007 and $3.42 a share for 2008.
In a CNBC interview, Chief Executive Chad Holliday said the improvement to earnings comes despite recessionary conditions in the U.S. housing market and higher oil prices -- both of which he expects to remain in place for the next year.
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- Posted: 2008-01-09 09:34:46
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