issued earnings guidance for its current quarter and year that is broadly in line with analysts' estimates.
The chemical giant expects to earn 65 cents to 75 cents in the current quarter. Analysts surveyed by Thomson One Analytics were forecasting 71 cents a share. DuPont expects to earn $2 to $2.20 a share in the full year. Analysts surveyed by Thomson One Analytics were forecasting $2.15 a share.
In early trading, shares of the
component were off 41 cents, or 0.9%, to $44.75. The stock remains far closer to its 52-week high of $46.25 than its 52-week low of $34.71.
Perhaps weighing on sentiment Wednesday was DuPont's warning that it's not in a position to estimate the final cost of its Invista spinoff or any restructurings in 2003. The company split off the Investa textile unit last year, and current estimates exclude it.
DuPont said it remains on track to achieve $900 million in cost cuts by 2005 under "productivity and organizational actions" enacted last year.