DuPont surprised investors with positive financial report for Q2 2011
The profit of DuPont for the second quarter was higher than analysts' expectations. The good results achieved by the company have enabled management to raise forecasts for the full year. The DuPont's net profit for the period April to June amounted to 1.22 billion USD or 1.29 USD per share. For the same period last year positive result was 1.17 billion USD or 1.26 USD per share. If the acquisition of the Danish company Danisco is removed, the DuPont's profit would be 1.37 USD per share. Expectations of analysts this indicator were to be 1.34 USD per share. The revenues of U.S. second quarter amounted to 10.26 billion USD, recorded growth of 19 percent to 10.26 billion USD. The forecasts were for earnings of 9.68 billion USD. The good results help to increase DuPont forecast for the year. The new forecast is for a positive result within 3.90 to 4.05 USD per share, up over 25 cents more than the previous target range.
At the beginning of today's trading session shares of DuPont rise in price by 1.2 percent to 52.91 USD per share.
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