DuPont Co DD reported a surge in its first-quarter earnings.
DuPont's quarterly income jumped to $3.35 billion, or $3.58 per share, from $1.49 billion, or $1.58 per share, in the year-ago period.
Its operating earnings declined to $1.56 per share from $1.64 per share, while net sales gained 2.2% to $10.41 billion. However, analysts were expecting a profit of $1.52 per share on sales of $10.41 billion.
Its gross margin declined to 31.7% from 33%.
DuPont also lifted its dividend by 5%.
DuPont shares closed at $50.41 yesterday.
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