DuPont – Co. reported its 2Q12 profits came in at USD 1.18 b vs USD 1.22 b on a y/y basis. Revenues increased 7 percent to USD 11 b vs expectations of USD 11.27 b. Earnings on a per share basis came in at USD 1.48 a share excl items vs USD 1.37 a share a year ago. Expectations came in at USD 1.46 a share.
Forecasts for FY12 came in that the lower end of the range provided between USD 4.20 – 4.40 a share. Economic uncertainty would affect the outcome of its hybrid seeds used in paints and bulletproof fiber. (CNBC)