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DuPont profit nearly triples, raises view

Chemical maker DuPont Co.’s profit nearly tripled, while revenue increased more than expected on better volume and higher selling prices.

“We grew sales across every segment,” said Chairman and Chief Executive Ellen Kullman. “Several businesses, including electronics and titanium dioxide, delivered results that far exceeded pre-recession performance.”

The results handily exceeded analysts’ expectations and the chemical company also raised its 2010 earnings forecast to $2.90 to $3.05 a share from $2.50 to $2.70.

[Wall Street Journal]