DuPont boosts forecast; to buy back $1 billion in shares

Tue Dec 11, 2012 4:21pm EST

(Reuters) - DuPont (DD.N) boosted its 2012 forecast and announced a $1 billion stock buy back on Tuesday.

The chemical company now expects profit this year to be at the high end of its forecast to earn $3.25 to $3.30 per share.

Analysts expect earnings of $3.29 per share, according to Thomson Reuters I/B/E/S.

Shares of DuPont rose 2.2 percent to $44.65 in after-hours trading.

(Reporting by Ernest Scheyder; Editing by Leslie Gevirtz)