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Posted on Tue, Nov. 3, 2009


DuPont forecasts growth in 2010 earnings

ASSOCIATED PRESS

DuPont expects earnings growth next year by concentrating on key areas such as food production, environmental protection, and emerging market opportunities.

The Wilmington-based company said today that 2010 earnings will range from $2.10 a share to $2.40 a share.

That would be up from its 2009 earnings outlook of $1.95 to $2.05 per share, excluding items.

Analysts surveyed by Thomson Reuters have predicted 2010 earnings of $2.01 a share.

DuPont also predicts 20 percent compound annual earnings growth from 2009 to 2012.

Chemical makers have been hurt by plummeting sales in the United States and abroad as the housing and automotive markets imploded during the recession.

The third quarter marked the first time DuPont posted improved quarterly profits this year.

 


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Comments   
Posted 04:18 PM, 11/03/2009
funfundvierzig
WHAT?? "2010 earnings will range from $2.10 a share to $2.40"? Less than a month ago, as reported by the Associated Press on Oct. 7, 2009, the DuPont "Leadership" TEAM, specifically DuPont Executive Vice President, Mark Vergnano, admitted to a private group of investors on Oct. 6, 2009 that DuPont would not match its weak 2008 earnings(diluted $2.20 per share) until at the earliest well into the next decade, 2012! Today's rosy forecast strains credibility, and appears to the undersigned retail investor, to be little more than PR puffery in Pollyannaish proportions. ...funfun..
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