DuPont cautions on 1st-quarter results
- Associated Press
- March 10, 2014 - 5:20 PM
NEW YORK — Chemicals maker DuPont says its first-quarter results could be hurt by extended cold weather and winter storms in North America and turmoil in Ukraine.
DuPont also says uncertain farming conditions may affect its results. The company did not quantify the effect of those factors.
FactSet says analysts expect DuPont & Co. to earn $1.68 per share in the first quarter.
For the full year, DuPont says those factors will be canceled out by greater global industrial production, lower agricultural expenses, and the execution of its business plan. The Wilmington, Del., company is still forecasting adjusted income of $4.20 to $4.45 per share.
Analysts expect $4.33 per share, on average.
Shares of DuPont rose 11 cents to $67.35 on Monday, then slipped 69 cents in after-hours trading.
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