DuPont Lowers Guidance On Sales, Earnings
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.”
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