Canadian Manufacturing

Chemical giant DuPont posts US$1.03B Q1 income

The chemical company reported revenue of $9.17 billion in the period



WILMINGTON, Del.—DuPont Co. on April 21 reported first-quarter net income of $1.03 billion.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.

The chemical company posted revenue of $9.17 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by analysts Zacks expected $9.6 billion.

DuPont expects full-year earnings in the range of $4 to $4.20 per share.

DuPont shares have dropped 1.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 2 per cent. The stock has increased nearly 9 per cent in the last 12 months.

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