The Associated Press is reporting that DuPont is warning that its fourth-quarter earnings will be less than half of what it had predicted because of the effects of last year's Gulf Coast hurricanes, worse-than-expected business performance, and higher raw material costs.
The company also predicted that raw material costs would rise further in 2006.DuPont is the latest in a string of companies, including Alcoa and BP PLC, to cite the ongoing effects of hurricanes Katrina and Rita.Read Next
Anna Wells
January 17, 2023