DuPont updates outlook for first quarter earnings

DuPont announced Wednesday that it expects underlying earnings for first quarter 2002 to exceed the high end of current First Call earnings estimates, which is USD 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 will provide further details on its first quarter results on April 23, via its first quarter earnings news release, Web site postings and investor conference call.

600450 DuPont updates outlook for first quarter earnings
Date: 8 April 2002
Source: DuPont

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