Publication Date:
Tue, 2011-10-25 16:26
For the third quarter, the company posted net income of $452 million, or 48 cents per share, compared with $367 million, or 40 cents per share, in the year-earlier period.
Net sales rose 32 percent to $9.24 billion. Analysts expected $8.79 billion.
DuPont raised prices 15 percent across its portfolio during the quarter, with volume rising 1 percent.
Operating income in the company’s performance chemicals unit, which makes titanium dioxide pigment for paint, more than doubled.
For the year, DuPont expects to earn $3.97 to $4.05 per share.
The company had previously forecast $3.90 to $4.05 per share.
Analysts expect 2011 earnings of $3.96 per share, according to Thomson Reuters I/B/E/S.
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