March 11, 2014

Extended cold weather may affect Dupont's Q1 results

The extended cold weather and winter storms in North America and turmoil in Ukraine could hurt chemicals maker DuPont's first-quarter results.

DuPont also says uncertain farming conditions may affect its results. The company did not quantify the effect of those factors.

FactSet says analysts expect DuPont & Co. to earn US$1.68 per share in the first quarter.

For the full year, DuPont says those factors will be cancelled out by greater global industrial production, lower agricultural expenses, and the execution of its business plan. The Wilmington, Delaware, company is still forecasting adjusted income of US$4.20 to US$4.45 per share. Analysts expect US$4.33 per share, on average.

Shares of DuPont rose US$0.11 to US$67.35 on Monday (Mar 3), then slipped US$0.69 in after-hours trading.