socialmedian: DuPont sees EPS growth for 2010

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DuPont sees EPS growth for 2010

Source: Wall Street Journal

Nov 03, 2009

Summary

NEW YORK (MarketWatch) -- DuPont Co. said Tuesday it expects to earn between $2.10 to $2.40 a share next year, compared to the Wall Street consensus of $2.24 a share, as provided by FactSet Research. For 2009, the Wilmington, Del., chemical giant reaffirmed its guidance of $1.80 to $1.90 a share, or $1.95 to $2.05 a share, on an adjusted basis. Analysts predicted full-year earnings of $2.01 a share, on average. DuPont said it expects to generate about 10% top-line compound annual growth for the 2009 to 2012 period. It also plans to cut fixed costs by $1 billion and capture about $1 billion in working capital productivity gains during the same time frame, helping the company achieve, on average, EPS growth of 20%. Shares of DuPont slipped a fraction premarket to $32.05 each.

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