DuPont Sees Earnings Dip

By Randall Chase
|  Tuesday, Jul 23, 2013  |  Updated 9:54 AM EDT
View Comments (
)
|
Email
|
Print
DuPont Sees Earnings Dip

Getty Images

advertisement

The DuPont Co. says lower prices for titanium dioxide and volume declines in some business segments contributed to a drop in second-quarter earnings.

The company also says it is exploring possible sale or spinoff of its performance chemicals business.

The Wilmington, Del.-based company said net income totaled just over $1 billion, or $1.11 per share for the quarter ending June 30, compared to $1.16 billion, or $1.23 per share, for the same period last year.

Revenue fell 1 percent to $9.8 billion as lower selling prices and currency effect offset a 1 percent volume gain.

Wall Street analysts surveyed by FactSet were expecting income of $1.27 per share on revenue of $10.04 billion.

Related Stories

Last week, DuPont's share price soared to its highest point in more than 13 years after a report that activist investor Nelson Peltz had taken a significant stake in the company.

 


Get the latest from NBC10 Philadelphia anytime: Android/iPhone/iPad Apps | SMS Alerts | Twitter | Facebook | Google+ | Instagram | RSS

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
FlyeredUp: Win 2 Tickets to Flyers Playoff Game
Win two tickets to the first... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out