DuPont Profit Tops Estimates as Weather Helps Agriculture
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DuPont Co., the most valuable U.S. chemicals producer, reported first-quarter earnings that exceeded analysts’ estimates after unusually warm weather boosted sales of genetically modified seeds.
Net income rose 4 percent to $1.49 billion, or $1.57 a share, from $1.43 billion, or $1.52, a year earlier, Wilmington, Delaware-based DuPont said today in a statement. Earnings excluding costs related to damage from the herbicide Imprelis were $1.61 a share, topping the $1.53 average of 13 estimates compiled by Bloomberg.