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DuPont says soft volumes in some business units contribute to drop in second-quarter earnings

Published on July 24, 2012; Published on July 24, 2012

Topics :: DOVER, Del. , Europe , Asia

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 totalled $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 totalled $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.

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