DuPont's 2012 Outlook Tops Expectations

DuPont introduced 2012 earnings forecast above analysts’ estimates this morning, tempering pessimism for the chemical industry less than a week after the company acknowledged widespread destocking across several business segments and cut its outlook for fourth-quarter and full-year earnings. Speaking at the company’s investor day in Wilmington, DE, DuPont chair and CEO Ellen Kullman said the company expects 2012 earnings of $4.20-$4.40/share,  7%-12% higher than the revised 2011 figures. “Our long-term growth profile reflects the strength...

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