DuPont-Company-picture

E I Du Pont De Nemours And Co (NYSE:DD) de better known simply as Dupoint is a major diversified chemicals company with over 70,000 employees. The company which was established in 1802, is a dow component and is reporting first quarter earnings this morning.

Analysts expect earnings per share to come in at $1.55, an increase from $1.52 a share the company earned in Q1 2011. In Q4 2011, the chemical giant only earned  $0.35 a share. The quarter was extremely disappointing and came in far below analyst expectations.

Analysts expect revenue of 11.23 billion, which would represent a 12% increase from the $10 billion of revenue earned in Q1 2011.

The company’s Q1 earnings have had a significant downward revision over the past three months. Just 90 days ago, the consensus forecast for today’s earnings was $1.63 a share.

Analysts expected that demand for safety and agricultural products will overall offset weakness in electronics and housing goods. In January, the company said it expected consumer electronics customers to continue to destock early in the year. Dupont is a major competitor of The Dow Chemical Company (NYSE:DOW), which reported last week and raised its dividend 28%.  Dow’s revenue  and earnings soared and were above forecasts . But recent economic weakness in Europe led the company to announce over 900 job cuts at factories . The maker of chemicals benefits from strong demand in emerging markets, pricing increases, and cheap North American feedstock.

This all points to mixed signals for Dupont’s earnings.

Du pont’s earnings could be helped due to a reported strong planting season in Latin America, where the company is ramping up exposure. They recently announced tthat sales of armored car kits were strong in Brazil.

The actual numbers came in at Sales of $11.2 billion were up 12 percent versus the prior year, First Quarter Earnings of $1.61 Ex-items.

The company’s productivity initiatives continued on track with improvements of approximately $100 million each for fixed costs and working capital.

DuPont reaffirmed its full-year earnings outlook range of $4.20 to $4.40 per share, which represents 7 to 12 percent growth versus 2011, excluding significant items.