IHS Chemical Week

People & Business :: Earnings/Finance

DuPont Beats Estimates, Raises Full-Year Outlook

9:30 AM MDT | July 28, 2011 | Nancy Seewald

DuPont reported second-quarter net income of $1.2 billion, up 5% from the same period last year. Excluding charges and gains in each period, income rose 21%, to $1.3 billion, due to higher selling prices and volumes, and favorable foreign currency exchange rates, partially offset by higher raw material, energy and freight costs. The 2011 quarter included charges totaling $103 million related to DuPont’s acquisition of Danisco. Reported earnings rose 17%, to $1.37/share. The consensus of analysts’ estimates was $1.34/share, as reported by Thomson...

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