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Outlook on DuPont
MINYANVILLE ORIGINAL Despite Hurricane Sandy and the increased demand for suction hoses for which DuPont (NYSE:DD) manufactures raw materials DuPont’s earnings and profitability outlook doesn’t seem so rosy especially considering its lackluster third-quarter report for 2012. The chemical and industrial company fell short of Wall Street’s estimates. According to the company the profit drop was due to decreased demand in two particular areas: Titanium dioxide and photovoltaic materials. As a result DuPont lowered its projected earnings and announced a comprehensive restructuring plan. Translation: There will probably be layoffs. DuPont revamped its earnings projections to $3.25 to $3.30 per share ...
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