UPDATE: DuPont Reports Rise In Q2 Profit, Raises 2011 Forecast

E.I. DuPont de Nemours & Co DD reported a rise in its second-quarter net income and lifted its 2011 projections. DuPont's quarterly net income climbed to $1.22 billion, or $1.29 per share, from $1.16 billion, or $1.26 per share, in the year-ago quarter. The company's adjusted earnings came in at $1.37 per share. DuPont's total sales climbed to $10.5 billion from $9.08 billion. However, analysts were expecting earnings of $1.34 per share on revenue of $9.86 billion. DuPont raised its full-year 2011 adjusted earnings forecast to a range of $3.90 to $4.05 per share, up from its earlier forecast of $3.65 to $3.85 per share. Analysts expected 2011 earnings of $3.88 per share. DuPont shares closed at $52.28 yesterday.