IHS Chemical Week

DuPont operating income slips on weak TiO2

11:57 AM MDT | April 23, 2013

DuPont operating earnings fell 6%, to $1.4 billion, in the first quarter as weaker titanium dioxide (TiO2) earnings more than offset strong gains in its agricultural segment. DuPont reported operating earnings of $1.56/share, down 4.9% from the year-ago quarter, but 2.6% above median estimates as reported by Thomson Reuters (New York). “The first quarter finished as expected, with the strong agriculture performance and performance chemicals’ decline from peak levels last year,” said DuPont chair and CEO Ellen Kullman. Sales of $10.4 billion were up 2%...

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