DuPont forecasts strong 2011


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Next year holds as much as $34-billion-worth of revenue potential for DuPont ( DD ), the Wilmington, Delaware-based producer of consumer goods and agricultural products, Reuters reports .

The world's fourth-largest chemical manufacturer forecast 2011's earnings per share to be between $3.30 and $3.60 though analysts forecast earnings per share would be $3.45. The company's top executives are optimistic about key products like Tyvek and Kevlar looking forward through 2015.

"We met or exceeded our 2010 targets and are finishing the year as a stronger company with a solid growth outlook through 2015," according to a statement from DuPont chief executive Ellen Kullman.

Analysts also tempered the company's earning potential, stating they expect about $33.42 billion in total revenues. The company reiterated its 2010 earnings guidance of $3.10 per share.

Kevlar and Tyvek are synthetic materials trademarked to DuPont. Uses for Kevlar, which was developed in 1965, include tires for bicycles, body armor and racing sails as it typically is available in rope or fabric sheet form. Discovered in 1955 and trademarked in 1965, Tyvek's uses include car covers, envelopes, and intrusion barriers for air and water.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Personal Finance Business
Referenced Stocks: DD

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