DuPont 1Q profit missed expectations

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Tuesday April 26, 09:05

DuPont 1Q profit missed expectations

(by Peter Van Bruggen)

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DuPont Co., the No. 2 U.S. chemicals maker, reported today its first-quarter results.

Profit rose to $967 million, or 96 cents per share, from $668 million, or 66 cents a share, last year.
Analysts were expecting $1.01 per share.

Sales fell to $7.4 billion from $8.1 billion in the previous year.

DuPont expects to earn in the range of $2.65 to $2.85 in 2005. Analysts are expecting $2.78 a share.

The company also increased its quarterly dividend by 2 cents, to 37 cents a share.

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