DuPont Cuts Profit Forecast Amid Weaker Agriculture
DuPont Lowers Dividend, Cuts 2015 Profit Forecast
This article is for subscribers only.
DuPont Co. cut its full-year profit forecast to adjust for the spinoff of its performance chemicals unit and the impact of lower crop prices, which are causing farmers to spend less on the company’s pesticides and seeds.
Operating earnings will be $3.10 a share in 2015, down from a prior prediction of $4, Wilmington, Delaware-based DuPont said Tuesday in a statement.