DuPont Stock Plunges After Company Issues Profit Warning Amid Weak China Volumes
DuPont(DD) Investopedia·2024-01-25 03:30
Key TakeawaysDuPont warned that a drop in volumes will drag down fourth-quarter results and affect the current quarter.The chemical giant expects a fourth quarter 2023 loss, and 2024 first quarter profit and sales that are below analysts' forecasts.The company blamed inventory destocking and weak demand in China for the slump.DuPont shares were down 13% at their lowest level since May in mid-afternoon trading.DuPont (DD) shares plunged Wednesday after the chemical conglomerate issued a profit warning, citin ...