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News > Companies  
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DuPont raises guidance
Manufacturer ups 1Q forecast on lower costs and higher agriculture sales.
April 3, 2002: 9:13 AM EST

NEW YORK (CNN/Money) - DuPont said its first-quarter earnings would exceed the high end of Wall Street estimates, thanks to lower fixed costs and slightly stronger agricultural-products sales.

The manufacturing conglomerate said it anticipates underlying earnings for the first quarter to exceed 51 cents a share. A survey of nine analysts by earnings tracker First Call predicted a profit of 40 cents to 51 cents a share, with an average forecast of 47 cents.

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However, DuPont (DD: Research, Estimates) said some uncertainty remains about a broad-based recovery in customer demand at its chemical and materials businesses from the fourth quarter.

Shares of DuPont, a Dow component, jumped to $47.86 in pre-market trading Wednesday from its Tuesday closing price of $47.35.  Top of page






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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.