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2007-07-25 | permalink
DuPont shares plunge 6.3% as profit misses estimates
Shares of DuPont Co., the third- biggest U.S. chemical maker, plunged the most in two years after the company reported second-quarter earnings that missed analysts’ estimates amid slumping housing and auto markets. Net income dropped 0.3 percent to $972 million from $975 million a year earlier, Wilmington, Delaware-based DuPont said today in a statement. Per-share profit was unchanged at $1.04, less than the $1.07 analysts expected. [...] DuPont, the world’s largest maker of corn seeds, lost sales to Monsanto Co. and said revenue from soybeans and cotton herbicides slipped.
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2007-07-25 | permalink
DuPont shares plunge 6.3% as profit misses estimates
Shares of DuPont Co., the third- biggest U.S. chemical maker, plunged the most in two years after the company reported second-quarter earnings that missed analysts’ estimates amid slumping housing and auto markets. Net income dropped 0.3 percent to $972 million from $975 million a year earlier, Wilmington, Delaware-based DuPont said today in a statement. Per-share profit was unchanged at $1.04, less than the $1.07 analysts expected. [...] DuPont, the world’s largest maker of corn seeds, lost sales to Monsanto Co. and said revenue from soybeans and cotton herbicides slipped.
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