DuPont raises outlook

April 10, 2008 6:53:54 AM PDT
DuPont is raising its first-quarter estimates to about $1.29 per share from $1.14 to $1.19 per share just last month. The chemicals maker cited strong growth in its agricultural sector and rapid growth in emerging markets.

DuPont says growth overseas will more than offset weakness in the U.S. housing and automobile markets.

The weak dollar is also boosting overseas business, DuPont said.

For the first half of 2008, DuPont expects earnings growth of about 10 percent, with second quarter earnings about equal to 2007 at $1.05 per share. DuPont also raised the lower end of its full-year 2008 earnings outlook by five cents to a range of $3.40 to $3.55 per share.

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