in this issue
World News and Views :: Top of the News
DuPont’s Profits Fall, but Beat Estimates
9:26 AM MDT | July 21, 2009 | Deepti Ramesh
DuPont reported second-quarter net income of $417 million (46 cts/share), down 61% compared with the year-ago period due to significantly lower sales volume, restructuring charges, and unfavorable currency exchange rates. Excluding restructuring charges, earnings were 61 cts/share, beating analysts’ estimates of 53 cts/share, as reported by Thomson Reuters (New York). Sales fell 22%, to $6.9 billion, reflecting 19% lower sales volume and a net 1% reduction due to portfolio changes, the company says. "Our aggressive actions to improve productivity and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee