DuPont earnings fall on weak volumes
DOVER, Del. – The DuPont Co. says its second-quarter earnings fell as volumes were off in several business units and the company saw continued weakness in the market for titanium dioxide, particularly in Europe and Asia.
DuPont, based in Wilmington, Del., said net income for the three months ending June 30 totaled $1.18 billion, or $1.25 per share, down from $1.22 billion, or $1.29 per share, for the same period last year.
Excluding one-time items, net income was $1.48 per share, up from $1.37 for the same quarter last year.
Revenue totaled $11 billion, up from $10.26 billion for the second quarter of 2011. The results fell shy of Wall Street expectations of $1.46 per share on revenue of about $11.25 billion.