Chemical maker DuPont Co. said Wednesday that its fourth-quarter earnings will be well below its previous guidance, citing hurricanes, production disruptions and worse-than-expected performances in three businesses.
The company said it expects to earn about 10 cents per share for the period, far beneath its October guidance of 20 cents to 25 cents per share. DuPont said results were hurt by suspended operations and logistical problems from hurricanes Katrina and Rita in the Gulf Coast, along with separate production interruptions at plants in Brazil, the Netherlands and the United States.
