March 10 Chemicals maker DuPont said it
expected severe cold weather and storms in North America and
business disruptions in Ukraine to hurt its first-quarter
earnings and revenue.
Freezing weather across North America has delayed the start
of planting season this year, while political unrest in Ukraine
has hurt DuPont's seed deliveries.
The company's factory in the central region of Poltava in
Ukraine produces maize seeds, sunflower seeds and rapeseed.
Analysts on average were expecting a profit of $1.69 per
share on revenue of $10.61 billion for the first quarter ending
March 31, according to Thomson Reuters I/B/E/S.
The company's agriculture business, which is benefiting from
rising demand for fertilizers, seeds and pesticides, reported an
operating profit for the fourth quarter compared with a loss a
DuPont, in a regulatory filing on Monday, also reaffirmed
its operating earnings forecast of $4.20-$4.45 per share for the
year ending Dec. 31. ()
The company's shares fell 1 percent in extended trading on
Monday. The stock closed at $67.35 on the New York Stock