First-Quarter Profits Up on Higher Volumes and Pricing

First-quarter earnings reports have started off strong, with higher volumes and selling prices driving profit gains. DuPont’s net income rose 27% over the prior-year period, to $1.43 billion, as all segments and regions posted double-digit revenue gains. Reported earnings were $1.52/share, up 23% year-over-year, and 12% above the mean analyst estimate as reported by Reuters Thomson (New York). Sales increased 18%, to $10 billion. Volumes were especially strong in safety and protection, agriculture and nutrition, and electronics and communications, DuPont says...

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