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DuPont earnings drop 70 percent on weak Ti02 demand
January 22, 2013 / 11:26 AM / in 5 years

DuPont earnings drop 70 percent on weak Ti02 demand

Jan 22 (Reuters) - DuPont, the most valuable U.S. chemical maker, said its fourth-quarter profit had fallen 70 percent, due in part to a steep drop in demand for titanium dioxide paint pigment.

The company posted net income of $111 million, or 12 cents per share, down from $373 million, or 40 cents per share, a year earlier.

Net sales fell less than 1 percent to $7.33 billion.

DuPont expects to earn $3.85 to $4.05 per share in 2013, on sales of $36 billion.

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