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Sunday, February 13, 2011

DuPont Tops Estimates, Ups 2011 Forecast

DuPont's(DD - news) fourth-quarter earnings topped estimates and the chemicals maker raised its forecast for 2011.

DuPont earned $376 million, or 40 cents a share, in the quarter, down from year-earlier earnings of $441 million, or 48 cents a share. Excluding items, earnings in the latest quarter were 50 cents a share.

Analysts surveyed by Thomson Reuters expected DuPont to earn 32 cents a share in the fourth quarter.

DuPont said Tuesday it expects earnings in 2011 of $3.45 to $3.75 a share, up from its previous outlook of $3.30 to $3.60 a share. The company said the impact of the planned Danisco acquisition could cut 2011 earnings by 30 cents to 45 cents a share on a reported basis. 

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