Market Overview

UPDATE: DuPont Posts Drop In Q3 Profit, Plans To Lower 1,500 Jobs

Related DD
Benzinga's Weekend M&A Chatter
Top 4 Large-Cap Stocks In The Agricultural Chemicals Industry With The Highest ROE
Making Money With Charles Payne: 10/29/14 (Fox Business)

E.I. DuPont de Nemours & Co (NYSE: DD) reported a decline in its third-quarter profit and lowered its full-year forecast. It also announced its plans to cut around 1,500 jobs.

DuPont's quarterly net income fell to $10 million, or $0.01 per share, from $452 million, or $0.48 per share, in the year-ago period. Its adjusted earnings came in at $0.44 per share.

Its total sales dropped 11.6% to $7.34 billion. DuPont now projects adjusted 2012 earnings from continuing operations of $3.25 to $3.30 per share.

DuPont shares closed at $49.76 yesterday.

Posted-In: profitEarnings News Guidance

 

Related Articles (DD)

Around the Web, We're Loving...

Get Benzinga's Newsletters