DOVER, Del. (AP) — Chemical maker DuPont says strong
demand for its agricultural products helped boost third-quarter earnings
23 percent.
E.I. DuPont de Nemours & Co. on Tuesday reported
net income of $452 million, or 48 cents per share, for the period ended
Sept. 30. That’s up from $367 million, or 40 cents per share, for the
same period a year ago. In last year’s quarter, the expiration of
patents in DuPont’s pharmaceuticals segment lowered net income by 13
cents per share.
Excluding one-time items, including costs
associated with its acquisition of Danish food additives maker Danisco,
DuPont reported earnings of 69 cents per share. That topped the average
analyst estimate of 56 cents.
Sales increased 32 percent, largely because of higher selling prices.
Copyright 2011 The Associated Press.
DOVER, Del. (AP) — Chemical maker DuPont says strong
demand for its agricultural products helped boost third-quarter earnings
23 percent.
E.I. DuPont de Nemours & Co. on Tuesday reported
net income of $452 million, or 48 cents per share, for the period ended
Sept. 30. That’s up from $367 million, or 40 cents per share, for the
same period a year ago. In last year’s quarter, the expiration of
patents in DuPont’s pharmaceuticals segment lowered net income by 13
cents per share.
Excluding one-time items, including costs
associated with its acquisition of Danish food additives maker Danisco,
DuPont reported earnings of 69 cents per share. That topped the average
analyst estimate of 56 cents.
Sales increased 32 percent, largely because of higher selling prices.
Copyright 2011 The Associated Press.