Adverse Weather Hurts DuPont Earnings
Thu Apr 17, 2014 03:32 PM CDT

(Dow Jones) -- DuPont Co. reported lower-than-expected quarterly earnings as unusually cold weather in North America delayed farmers' decisions to buy seeds and chemicals for this spring's plantings.

The agriculture and chemicals company said growth in its electronics, nutrition and industrial bioscience segments was offset in the first quarter by reduced demand for agricultural products such as herbicides. DuPont said its seed sales declined in part from lower corn plantings in the U.S., South America and Ukraine.

The Wilmington, Del., company reported a profit of $1.44 billion, or $1.54 a share, down from $3.35 billion, or $3.58 a share, last ...

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