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DuPont cuts outlook on weak ag results

12:05 PM MDT | June 27, 2014 | Rebecca Coons

DuPont cut its second-quarter and full-year earnings outlook, citing a lower-than-expected quarterly performance from its agriculture segment and, to a lesser extent, its performance chemicals unit. The company expects second-quarter earnings to fall “moderately below” the $1.28/share recorded in the year-ago quarter, and lowered its 2014 earnings forecast to $4–4.10/share, down from the $4.20–$4.45/share guidance announced 17 April. DuPont says the revised outlook reflects lower than expected corn seed sales and higher than expected seed...

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