DuPont raises 2007, 2008 earnings outlooks
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Chemical maker DuPont Co  on  Wednesday increased its 2007 financial outlook to reflect  stronger-than-expected results in the fourth quarter and also  raised expectations for 2008.
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U.S. stocks jumped higher  on Tuesday  as better-than-expected corporate earnings from companies like  Johnson & Johnson and DuPont and positive consumer confidence  data lifted the mood on Wall Street.
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Humana Inc.  said on Monday that quarterly net profit more than doubled on strong Medicare membership growth, which prompted the health insurer to raise its 2007 earnings forecast.
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DuPont Co. posted a third-quarter profit Tuesday, reversing a year-ago loss as higher chemical prices offset surging energy costs, the second-largest US chemicals manufacturer said.
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France Telecom reported on Wednesday a bigger-than-expected profits leap in 2007 and looked forward to steady growth as it held up well in European markets and newer ventures overseas.
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Kraft Foods Inc  raised its 2007 earnings forecast on Wednesday, citing a lower-than-expected tax rate, the pace of share repurchases, and increased confidence in its growth initiatives.
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The drug company presents 2007's numbers and gives 2008 guidance.
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WASHINGTON -- Defense contractor General Dynamics Corp. said Wednesday that third quarter earnings jumped 24 percent behind sales of corporate jets and combat vehicles. The company also raised its outlook for 2007.
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Estee Lauder Cos Inc  reported a higher quarterly profit and stood by its 2008 outlook on Friday, counting on international sales and other measures to offset tighter consumer spending at home.
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Walgreen Co. WAG.N on Monday posted a  30.5 percent jump in quarterly profit, its largest increase in  four years, boosted by sales of generic drugs and digital photo  processing.
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B/E Aerospace Inc.  said on Monday that quarterly operating profit rose 78 percent on higher sales and bigger margins and the world's largest maker of plane seats raised its 2007 earnings outlook.
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DuPont Co. , the No. 2 U.S. chemical maker, on Tuesday posted a lower quarterly profit after a large tax gain a year earlier and forecast earnings growth in 2005.
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Wall Street stocks edged higher on Wednesday after DuPont's earnings outlook cheered investors but as Goldman Sachs (NYSE:GS) forecast the US economy would fall into recession this year and MBIA (NYSE:MBI), a bond insurer, slashed its dividend.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher volumes in key commodities such as iron ore and aluminum, but the mining giant painted a mixed outlook for 2007.
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Eli Lilly and Co. on Thursday reaffirmed it expects its 2006 earnings to rise 8 percent to 12 percent, but projected disappointing profit growth for 2007 even though its revenues will grow at a faster pace next year.
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Chemicals group DuPont Co.  said on Monday it expects 2006 net earnings per share of $3.25, helped by 39 cents per share, or $370 million, in one-time items, up from its it previous estimate of $2.86 per share.
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Chemicals group DuPont Co.  said  on Monday it expects 2006 net earnings per share of $3.25,  helped by 39 cents per share, or $370 million, in one-time  items, up from its it previous estimate of $2.86 per share.