DuPont reported first-quarter adjusted earnings per share of 79 cents from sales of $2.9 billion. Wall Street was looking for 65 cents from sales of $2.8 billion.

CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”

Industrial materials maker DuPont de Nemours beat Wall Street estimates for first-quarter profit and raised its full-year forecasts on Wednesday, as it benefited from higher sales in its electronics and semiconductors segment.

DuPont de Nemours (NYSE:DD) on Wednesday jumped as much as 9.2% to a two-year high after the chemical and materials maker raised its sales and profit outlook. For the first quarter ended in March, DuPont (DD) reported a net profit of $164 million,