WILMINGTON, Delaware ( TheStreet) -- DuPont ( DD), the chemicals giant, said Thursday second-quarter earnings topped analysts' estimates and it raised its 2011 outlook. DuPont earned $1.37 a share, excluding items, in the second quarter, up from year-earlier earnings of $1.17 a share. Sales rose 19% to $10.26 billion. Analysts surveyed by Thomson Reuters expected the company, a component of the Dow Jones Industrial Average, to earn $1.34 a share on second-quarter revenue of $9.86 billion.
Net income in the second quarter was $1.22 billion, or $1.29 a share. DuPont raised its outlook for 2011 earnings to a range $3.90 to $4.05 a share, excluding items. The company said the increase "reflects strong second-quarter results, the expectation for continued global economic growth and about $.05 per share full-year impact from Danisco on an underlying basis. " The company previously expected 2011 earnings of $3.65 to $3.85 a share, excluding the impact of Danisco, which DuPont acquired earlier this year. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.