The Delaware-based chemical giant DuPont reports strong earnings for the third quarter, pushing the company’s earnings estimates for the year.
Third quarter earnings per share were $.69, compared to $.40 in 2001. Sales in the quarter were $9.2 billion, an increase of 32% compared to 2010. That increase is due in part to sales in developing markets which were up 38%.
“Despite turbulent global economic and market conditions, we delivered solid growth through innovative products and process technologies, disciplined execution and continued productivity gains,” said DuPont Chair and CEO Ellen Kullman. “The resilience and diversity of DuPont’s business portfolio was evident in our strong third quarter results.”
The company has now raised its earnings expectations for the full year from $3.97 to $4.05 per share.