DuPont Softens Outlook, Share Price Falls

The company’s CEO had this to say about the full fiscal year:

DuPont expects full-year earnings to be toward the lower end of its existing outlook range of $4.20 to $4.40 per share, excluding significant items, due to uncertainties associated with macros and currency as well as a higher tax rate related to earnings mix.

The current full-year EPS estimate is $4.25. Full-year revenue is estimated to come in at $41.24 billion. In the first six months of the year, DuPont has posted total revenues of $22.54 billion.

Currency exchange effects cost DuPont 3% of second-quarter sales, which the company was able to more than offset with higher prices and what DuPont called “portfolio changes,” amounting to a gain of 11% over 2011 second-quarter sales.

Shares of DuPont are down 0.4% at $48.50 in premarket trading this morning. The 52-week range is $37.10 to $57.50.

Paul Ausick