DuPont Earnings Drop, but Raises Outlook
Sales grew 17% from a year earlier to $7 billion, the company said in a statement. Sales grew 22% in emerging markets.
"I am proud of our business teams' performance this quarter, with segment pre-tax earnings up 33 percent excluding Pharmaceuticals income," said CEO Ellen Kullman. "This quarter's results were complemented by ongoing productivity improvements and rigorous cost management that contributed to profitable growth."
DuPont raised its guidance for 2010 earnings, forecasting earnings of about $3.10 per share, excluding significant items. The company previously forecast earnings of $2.90 to $3.05 per share.