Volume 92 Issue 27 | p. 6 | News of The Week
Issue Date: July 7, 2014

Cool Forecast For Ag Earnings

Agriculture: Weak sales to farmers in North America prompt DuPont, FMC to cut estimates
Department: Business
Keywords: agriculture, pesticides, earnings, weather

DuPont and FMC have lowered their earnings estimates for 2014 because of lower-than-expected agriculture sales in North America in the second quarter. A long, cool spring slowed purchases of crop protection chemicals from both firms. And a shift by farmers from corn to soybeans as a result of low corn prices left DuPont struggling to sell seeds.

As a result, DuPont expects earnings of $4.00–$4.10 per share in 2014, compared with a previous . . .

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