DuPont’s stock drops toward biggest one-day selloff in 3 years as company trims full-year earnings outlook
DuPont’s stock sinks after the company lowers its full-year outlook amid weakness in the smartphone, PC and semiconductor markets.
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Shares of DuPont de Nemours Inc. took a deep dive Tuesday, after the technology-based materials and plastics company lowered its full-year outlook, as weakness in the consumer electronics markets is seen continuing for longer than previously projected.
The company, with brands including Kevlar, Corian, Tyvek, Styrofoam and Riston, reported before the open first-quarter profit and sales that fell from the same period a year ago but still beat expectations.
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