DuPont Exceeds Views as Sales Rise 23%

DuPont said its first-quarter earnings rose to $1.13 billion, or $1.24 a share, topping the estimates of analysts as sales rose 23% to $8.5 billion.
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WILMINGTON, Del. (

TheStreet

) --

DuPont

(DD) - Get Report

said its first-quarter earnings rose to $1.13 billion, or $1.24 a share, from $489 million, or 54 cents a year earlier, topping the estimates of analysts.

DuPont said sales rose 23% to $8.5 billion on volumes that rose 19%.

Analysts surveyed by Thomson Reuters expected earnings of $1.06 a share on revenue of $8.06 billion.

DuPont raised its full-year 2010 earnings guidance to a range of $2.50 to $2.70 a share; previous guidance was $2.15 to $2.45 a share.

DuPont said Tuesday that Asia Pacific sales were $1.6 billion with volume up 65%. The company said volumes in emerging markets increased 28%.

-- Reported by Joseph Woelfel in New York.

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