WILMINGTON, Del. -- Chemicals company DuPont says profits increased 26 percent in the first quarter, boosted by higher selling prices and the weak dollar.
Wilmington, Del.-based DuPont says it earned $1.19 billion, or $1.31 per share, on revenue of $8.77 billion. That compares to a profit of $945 million, or $1.01 per share, on revenue of $8.16 billion last year.
Thomson Financial says analysts expected earnings of $1.28 per share on revenue of $8.61 billion.
DuPont also says it stands by its 2008 earnings outlook for $3.40 to $3.55 per share. But it said for the rest of 2008, slowing U.S. demand will offset growth outside the country.
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