Market Overview

DuPont Lowers Guidance On Sales, Earnings

Share:
Related DD
DuPont CEO Kullman Issues Letter to Holders: Urging Holders to Vote for All Co. Directors
DuPont Issues Comment on Glass Lewis Report: Says Firm Came to 'Wrong Conclusion' Related to Nominee Vote
Bloomberg: Monsanto-Syngenta mega-merger would drive more deals (Seeking Alpha)

DuPont (NYSE: DD) published a press release on Thursday that offered guidance to shareholders.

The 8-K filing announced a decrease in corn seed sales and guidance for FY 2014 EPS of $4.00 to $4.10. The company also mentioned a $270 million pre-tax (or $0.20 per share, after tax) restructuring charge with redesign innovations.

“While 2014 is a transition year in agriculture, the revisions to the outlook we made today do not meet the expectations we set for our Agriculture segment or for the company,” said DuPont Chair and CEO Ellen Kullman. “We have a strong global market position and a rich pipeline and we will make the necessary changes so that we return to our five-year track record of delivering the reliable, attractive growth our shareholders expect from this segment.”

Posted-In: News Guidance

 

Related Articles (DD)

Around the Web, We're Loving...