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Last Update: 13-Dec-11 09:56 ET
DuPont Up 2% After Issuing In-line EPS Guidance At Investor Conference
DuPont (DD $44.81 +0.90) is trading about 2% higher after issuing earnings guidance of $4.20 to $4.40 versus the $4.26 Capital IQ Consensus Estimate at its investor conference earlier this morning.
The company also sets goals to obtain 7-12% compound annual growth rates for sales and earnings, respectively, in the coming years. The company expects nearly $12 bln of revenue from products introduced in the previous four years, roughly 30% of sales in 2011. For the full-year 2011, the company expects sales to be up about 20% (vs current estimate of +21% YoY), with double digit increases in most segments. Sales in developing markets are expected to jump 30% this year, comprising about one-third of total sales. Earnings are expected to be up between 18-20%.
The company also sets goals to obtain 7-12% compound annual growth rates for sales and earnings, respectively, in the coming years. The company expects nearly $12 bln of revenue from products introduced in the previous four years, roughly 30% of sales in 2011. For the full-year 2011, the company expects sales to be up about 20% (vs current estimate of +21% YoY), with double digit increases in most segments. Sales in developing markets are expected to jump 30% this year, comprising about one-third of total sales. Earnings are expected to be up between 18-20%.
