UPDATE: DuPont Q1 Net Income Rises 4%

DuPont Co

reported a 4% rise in its first-quarter net income. DuPont's quarterly net income climbed to $1.49 billion, or $1.57 per share, from $1.43 billion, or $1.52 per share, in the year-ago quarter. Its sales rose to $11.23 billion from $10.03 billion. However, analysts were expecting a profit of $1.55 per share on sales of $11.21 billion. DuPont affirmed its 2012 earnings forecast of $4.20 to $4.40 per share, versus analysts' estimates of $4.26 per share. DuPont shares closed at $53.27 yesterday.