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Article: DuPont Updates Outlook for First Quarter Earnings.
- Article from:
- PR Newswire
- Article date:
- April 3, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WILMINGTON, Del. -- DuPont announced today that it expects underlying earnings for the first quarter 2002 to exceed the high end of current First Call earnings estimates, which is $0.51 per share.
The company said that the change in its first quarter outlook reflects lower fixed costs across most of its reporting segments, as well as somewhat stronger early season sales in its production agriculture businesses. The company also indicated that, despite some firming in a number of its chemical and materials businesses versus the fourth quarter of 2001, there is still some uncertainty about the timing of a broad-based recovery in end user demand.
DuPont ...