Punt on DuPont

DuPont's earnings will likely stay pressured in 2012 as antsy customers rein in spending.

Shares of E.I. du Pont de Nemours (ticker: DD) were down about 5%, or $2.17, to $44.34 in intraday trading after the chemical producer, seen as a proxy of sorts for global economic activity, lowered 2011 guidance.

DuPont now expects 2011 earnings of $3.87 to $3.95 per share, excluding one-time items. When it released third-quarter earnings in October, DuPont raised its 2011 profit estimate to $3.97 to $4.05 per share excluding items, from $3.90 to $4.05 per share. The company also expects increased 2012 profits.

"We are seeing slower growth in certain segments during the fourth quarter, driven by global economic uncertainty. This uncertainty is contributing to ongoing conservative cash management in some supply chains," said DuPont CEO Ellen Kullman in a prepared release.

Read Full Article from Barron's

- Posted: 2011-12-09 13:18:35

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