Chemical Finance Digest, Dec. 5-9

Topping the headlines last week, some of the industry’s biggest companies revised their earnings guidance. DuPont cut its fourth-quarter earnings outlook by about 21%-26% to 29-37 cts/share, due to lower demand and inventory destocking. 3M affirmed its full-year 2011 guidance, which stands at $5.85-$5.95/share, and forecast 6% EPS growth for 2012. Monsanto increased its fiscal first-quarter guidance to about 15-20 cts/share on strength in Brazil and Argentina. In other earnings news, KMG Chemicals reported flat year-on-year net income growth for its fiscal...

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