DuPont tops 1Q net income expectations, misses revenue forecasts

IndustriesAssociated Press

DuPont Co. (DD) on Tuesday reported first-quarter net income of $1.03 billion.

On a per-share basis, the Wilmington, Delaware-based company said it had net income of $1.13. Earnings, adjusted for non-recurring costs, came to $1.34 per share.

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The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share.

The chemical company posted revenue of $9.17 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $9.6 billion.

DuPont expects full-year earnings in the range of $4 to $4.20 per share.

DuPont shares have dropped 1.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 2 percent. The stock has increased nearly 9 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on DD at http://www.zacks.com/ap/DD

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Keywords: DuPont, Earnings Report, Priority Earnings