DuPont 2011 Sales Guidance Meets Forecasts

DuPont issued guidance for 2011 that underwhelmed on the earnings side, though the chemical firm's revenue estimates were in line with analyst expectations, Reuters reported Tuesday.

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DuPont

On earnings, the company issued an estimate of $3.30-3.60 per share. Analysts who follow DuPont expect earnings of $3.52 for 2011.

Revenue, however, was seen on par with expectations, as DuPont projected sales of $33-34 billion next year. Analysts have estimated DuPont's 2011 sales at $33.5 billion.

Last week, DuPont said adjusted earnings will grow about 12 percent a year through 2015 and revenue will rise about 7 percent a year. The earnings outlook, compounded annually, excludes one-time items.

DuPont, which is widely known as the maker of Kevlar bulletproof vests and other products, also said that it expects to begin expansion of its Cooper River Kevlar plant in late 2011. Production at that plant was seen beginning in 2012.

Shares of DuPont, which closed at $49.13 in regular New York trade, were fractionally higher in extended trading. Get after-hours quotes for DuPont here.

DuPont is a component of the Dow Jones Industrial Average.