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DuPont's fourth-quarter earnings fall on weak TiO2
8:38 AM MST | January 22, 2013 | Robert Westervelt
DuPont reported net income attributable to the company of $111 million, down 70% from the year-ago quarter. Earnings fell on lower prices and volumes in its performance chemicals segment with titanium dioxide (TiO2) leading the decline. Fourth-quarter earnings from continuing operations were 11 cts/share, down 58% from prior-year earnings of 26 cts/share. Revenues of $7.3 billion were flat with the year-ago quarter. DuPont says it expects modest overall earnings per share growth of 2–7% in 2013 with stronger results in the second half offsetting...
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