DuPont improves outlook for second quarter earnings

As reported yesterday, DuPont has announced it now estimates second quarter underlying earnings per share to be between USD 0.64 and USD 0.67.

This represents an improvement of the company's previous earnings estimate of about USD 0.55. The company's underlying earnings in the second quarter of 2001 were USD 0.41 per share.

The improved outlook reflects higher sales across most of the DuPont reporting segments. Current First Call consensus is USD 0.56 per share.

Separately, the company now expects to complete its evaluation of goodwill in accordance with SFAS 142 and to announce a non-cash impairment charge with its second quarter earnings report.

DuPont will provide further details when it releases second quarter results on July 24.

600450 DuPont improves outlook for second quarter earnings
Date: 1 July 2002
Source: DuPont

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