The Traderszone Network

Published in TZ Latest News 5 October, 2015 by The TZ Newswire Staff

DuPont Stock Soars After CEO Quits And Company Slashes Q3 EPS Guidance By Nearly 50%

Several months ago activist Nelson Peltz may lost his proxy fight against DuPont, but in retrospect he may be counting his lucky stars as moments ago the company became only the latest chemical giant to admit the gruesome reality of the global economic slump driven by a historic USD surge, when it not only cut its second half operating EPS from $0.75 to $0.40, in the process also slashing full year operating EPS from a prior guidance of $3.10 to just $2.75 mostly blaming Brazil, but in an even bigger shocker also reported that its CEO and Chairman Ellen Kaufman is retiring from the company

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