July 22- DuPont, the world's second-largest seed maker, said its agriculture business would not improve in the current quarter as it struggles to cope with farmers' preference for soybean rather than corn, the mainstay of the business.
July 22- Chemicals maker DuPont forecast weaker-than-expected operating earnings for the current quarter after weak agriculture sales constrained both profit and revenue. DuPont forecast operating earnings of $1.25- $1.35 per share for the second half of the year, and said it expected to realize 40 percent of those earnings in the third quarter.
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Ellen Kullman, Dupont chairman and CEO, is focused on 3 strategic priorities for the company including the science of extending leadership in agriculture and nutrition, strengthening its advance materials portfolio, and building out industrial bio-science. Agriculture is the one consistent thing around the world going strong, Kullman adds.
Oct 23- DuPont slashed its earnings forecast, reported a lower-than-expected quarterly profit and announced 1,500 job cuts on Tuesday, signs that demand for the chemical company's lucrative paint and solar products is slipping around the world. Shares of DuPont, a component of the Dow Jones industrial average, fell more than 9 percent in midday trading.
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