WDEL ALERT: I-495 bridge fully open

DuPont reports drop in 2Q earnings
By Associated Press

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-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.

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.

Copyright © Aug 27, 2014, WDEL/Delmarva Broadcasting Company. All Rights Reserved.
This material may not be published, broadcast, rewritten, or redistributed.

WDEL News Tools:
Printer friendly version
Back to homepage

 Latest News

 Follow Us

Facebook Twitter
RSS Mobile
Email Updates

Copyright © 2014, Delmarva Broadcasting Company. All Rights Reserved.   Terms of Use.
WDEL Statement of Equal Employment Opportunity and Outreach