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Net income attributable to DuPont fell 28
percent while sales fell 9 percent, hurt by the strong dollar.
Dupont, which receives 60 percent of its sales from outside the
United States, said it expects a strong dollar to reduce its
2015 profit by 80 cents per share, higher than its earlier
forecast of 60 cents.
The company said it now expects full-year operating earnings at
the low end of its forecast of $4.00-$4.20 per share.
The company, which is locked in a proxy battle with activist
investor Nelson Peltz, also raised its quarterly dividend to 49
cents per share from 47 cents on Tuesday.
Higher margins in electronics and communications, performance
materials and safety and protection businesses helped DuPont
mitigate the impact of weak sales in the quarter ended March 31.
Net income attributable to DuPont fell to $1.03 billion, or
$1.13 per share, while sales fell to $9.17 billion. Excluding
items, the profit was $1.34 per share.
Analysts on average expected a profit of $1.31 per share on
revenue of $9.41 billion, according to Thomson Reuters I/B/E/S.
DuPont's shares, which closed at $72.84 on the New York Stock
Exchange on Monday, were slightly up in premarket trading.
(Reporting by Swetha Gopinath and Kanika Sikka in Bengaluru;
Editing by Don Sebastian)
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