DuPont’s Q2 Earnings Fall, but Adjusted Net Beats View; Expects Full-Year Earnings at Low End of Range (DD)

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Chemicals maker E.I. DuPont de Nemours & Co. ( DD ), commonly known as DuPont, on Tuesday posted second quarter earnings that beat Wall Street's expectations, but forecast full-year results to come in at the low end of its previously-announced range.

The Wilmington, DE-based company reported second quarter net income of $1.18 billion, or $1.25 per share, compared with $1.22 billion, or $1.29 per share, in the year-ago period. Excluding special items, adjusted profit was $1.48 per share.

Revenue rose 7.5% from last year to $11.28 billion.

On average, Wall Street analysts expected a smaller profit of $1.46 per share, on lower revenue of $11.25 billion.

On a sour note, DD said it now expects full-year 2012 earnings to come in at the low end of its previously-announced range of $4.20 to $4.40 per share.

DuPont shares fell 41 cents, or -0.8%, in premarket trading Tuesday.

The Bottom Line
Shares of DuPont ( DD ) have a 3.53% dividend yield, based on last night's closing stock price of $48.71. The stock has technical support in the $44-$46 price area. If the shares can firm up, we see overhead resistance around the $52-$54 price levels.

E.I. DuPont de Nemours & Co. ( DD ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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

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This article appears in: Investing , Stocks

Referenced Stocks: DD

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