Wednesday, March 14, 2012

DuPont profit rises, boosted by tax, legal gains; results easily beat Wall St. expectations

Chemicals maker DuPont Co. said Tuesday that strong agriculture sales and emerging international markets helped fuel a rise in second-quarter profit by helping to offset weak domestic housing and auto markets.

Wilmington, Delaware-based DuPont earned $1.08 billion, or $1.18 per share, during the quarter ending June 30, compared with profit of $972 million, or $1.04 per share, during the previous year's quarter. A lawsuit settlement and a lower tax rate from a one-time tax settlement accounted for 7 cents of the quarter's per-share earnings.

Revenue rose to $8.83 billion from $7.88 billion a year earlier.

Analysts surveyed by Thomson Financial …

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