DuPont plans $1B stock buyback
DuPont plans $1B stock buyback
Chemicals giant DuPont Co. (DD) says it should reach the high end of its net income guidance in 2012 and that its profit will grow in the low- to mid-single digits in 2013.
With its shares trading around annual lows, DuPont also says it plans to buy back up to $1 billion in company stock.
Analysts expect DuPont to post adjusted net income of $3.37 per share in 2012 and $3.67 per share in 2013, according to FactSet. That implies growth of 9 percent. Analysts expect sales to rise about 2 percent.
DuPont shares gained 2 percent in after-hours trading.
© 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
DuPont plans $1B stock buyback
Chemicals giant DuPont Co. (DD) says it should reach the high end of its net income guidance in 2012 and that its profit will grow in the low- to mid-single digits in 2013.
With its shares trading around annual lows, DuPont also says it plans to buy back up to $1 billion in company stock.
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Analysts expect DuPont to post adjusted net income of $3.37 per share in 2012 and $3.67 per share in 2013, according to FactSet. That implies growth of 9 percent. Analysts expect sales to rise about 2 percent.
DuPont shares gained 2 percent in after-hours trading.
© 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.
DuPont plans $1B stock buyback
