Tuesday, January 27, 2009
WILMINGTON, DE — JanSan chemical giant DuPont reported a net loss of $629 million in the fiscal fourth quarter, according to MarketWatch.
Quarterly revenue fell to $6.07 billion, down from $6.98 billion in the year ago quarter, the story stated.
Shares dropped in value by 70 cents, in stark contrast to the 60 cents a share profit seen one year ago, the story noted.
Ellen Kullman, DuPont's new chief executive, said: "We do not underestimate the difficulties presented by the current environment."
DuPont has been hurt by the financial crisis that badly bruised many of its customers, the story added.
Monday, February 16, 2009
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