DuPont's Earnings Rise on Agchems and Emerging Markets

DuPont reported first-quarter net income up 19%, to $1.2 billion ($1.31/share), excluding $52 million in special items in the year-ago period. First Call's (Boston) consensus estimate was $1.26/share. Sales rose 9%, to $8.6 billion helped by higher local selling prices and favorable currency exchange rates. Agchem and emerging markets drove revenue growth, DuPont says. “Our investments in agriculture and emerging markets enabled us to capitalize on robust growth in those areas which, when combined with gains from our productivity improvement programs, more than...

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