Chemical and bioscience company DuPont says weakness in its performance chemicals and electronics and communications businesses, coupled with costs associated with growth initiatives, led to a sharp drop in fourth-quarter income.
January 22, 2013 at 12:00 AM
1 minute read
Chemical and bioscience company DuPont Co. says weakness in its performance chemicals and electronics and communications businesses, coupled with costs associated with growth initiatives, led to a sharp drop in fourth-quarter income.
The company on Tuesday reported net income of $111 million, or 12 cents per share, for the last three months of 2012, down 70 percent from $373 million, or 40 cents per share, for the fourth quarter of 2011.
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