DuPont Profit Tops Analysts’ Estimates; 2011 Forecast Raised
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DuPont Co., the most valuable U.S. chemical maker, posted higher third-quarter profit and sales than analysts estimated as prices surged for titanium-dioxide pigment. The company raised its full-year forecast.
Net income climbed 23 percent to $452 million, or 48 cents a share, from $367 million, or 40 cents, a year earlier, Wilmington, Delaware-based DuPont said today in a statement. Profit excluding costs related to the acquisition of Danisco A/S, a seed license and tree damage caused by Imperilis herbicide was 69 cents, surpassing the 56-cent average of 14 estimates compiled by Bloomberg. Sales advanced 32 percent to $9.24 billion, beating the $8.88 billion average estimate.