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DuPont Cuts Outlook, Blames Weather

Tyler Durden's picture




 

Presented without commentary:

Today DuPont announced that the company is revising its outlook for operating earnings per share for the second quarter and full year 2014, due primarily to lower than expected quarterly performance of its Agriculture and, to a lesser extent, Performance Chemicals segments. The company expects operating earnings in the second quarter to be moderately below the $1.28 per share recorded in the same period last year [EST. $1.46].  As a result, the company is lowering its full-year outlook for operating earnings to $4.00 to $4.10 per share [EST.$4.29].

 

The revised outlook in Agriculture reflects lower than expected corn seed sales and higher than expected seed inventory write-downs. Given favorable soybean economics, soybean sales volumes in North America are higher than expected. However, the higher soybean volume will not fully offset the decline in corn volume, especially given the transition under way in the company's soybean lineup to newer, higher performing products.  The company believes this is a short-term negative trend, and there will be strong demand for its next generation soybean products. The revised outlook also reflects lower than expected crop protection herbicide sales, largely due to weather.

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Thu, 06/26/2014 - 16:22 | 4899524 quasimodo
quasimodo's picture

Fuck you DuPont

Thu, 06/26/2014 - 16:24 | 4899538 CH1
CH1's picture

Who would've believed that it would get cold in winter?!!!

Thu, 06/26/2014 - 16:31 | 4899569 Say What Again
Say What Again's picture

You just need to plant different kind of seeds in the winter.

Thu, 06/26/2014 - 16:33 | 4899580 Xibalba
Xibalba's picture

Next era GMO?

Thu, 06/26/2014 - 17:03 | 4899702 Pinto Currency
Pinto Currency's picture

 

 

 

Never mind the weather.

It's been getting dark every night too.

Thu, 06/26/2014 - 16:35 | 4899583 Ignatius
Ignatius's picture

Try this one -- for sympathy -- in the bar, boys:

"No, I haven't gotten any lately, 'largely due to the weather'."

Thu, 06/26/2014 - 16:35 | 4899595 Say What Again
Say What Again's picture

Hey baby; I need to plant some seed.  Can you help me with that?

Thu, 06/26/2014 - 16:46 | 4899635 johnconnor
johnconnor's picture

this bad weather has been going since 2007... damn you global warming!

Thu, 06/26/2014 - 17:42 | 4899833 Golden Rule
Golden Rule's picture

Have you guys noticed a pattern here?  Weather is being blamed for everything these days and at the same time the Global Warming mantra, I mean Climate Change, has been front and center.  Maybe this will be the next scapegoat for the coming correction.

Think of it, the MSM mime of weather being blamed for a crash day after day, the Hank Paulson equivalent at the EPA going before congress and threatening martial law if some sort of immediate and drastic action isn't taken to combat Cliamte Change.

I know it's a stretch but it's just odd that both are occuring day after day in the so called MSM.  Have you ever seen so many Economists become Meteorologists?  This coupled with the huge increase in Climate Hegelian Dialect fear mongering is just strange. 

Thu, 06/26/2014 - 20:07 | 4900341 Dublinmick
Dublinmick's picture

Just got that new training manual in the mail did ya?

Are you promoting GMO also?

Flu shots maybe?

Fri, 06/27/2014 - 13:49 | 4902948 Golden Rule
Golden Rule's picture

What are you talking about.? I think you misinterpreted what I was saying. I think this whole thing is a hoax. I'm saying the bullshit is increasing and it wouldn't surprise me if they force another rediculous law to "save us from ourselves".

And I know all about GMOs and flu shots and don't use either. Please reread what I wrote.

Thu, 06/26/2014 - 16:24 | 4899540 LawsofPhysics
LawsofPhysics's picture

Dupont, like CAT, is one of those faithful "buy low, sell high" stocks.  I can't think of how many times I have bought and sold these two.

 

Thanks, Alan/Ben/Janet...

Thu, 06/26/2014 - 16:25 | 4899544 Winston Churchill
Winston Churchill's picture

They will make it back in their explosives division.

Thu, 06/26/2014 - 16:28 | 4899554 LawsofPhysics
LawsofPhysics's picture

There you go.  Sell the highs and as the stock falls pay attention to what Dupont's lobbying arm is also doing.  Dupont also employs a lot of people worldwide.

Same as it ever was...

Thu, 06/26/2014 - 19:43 | 4900259 Cruel Aid
Cruel Aid's picture

Nice, dogs of the dow, tried and true advice and talking heads.

Pays the bills and makes ya happy.

Thu, 06/26/2014 - 16:29 | 4899550 Tinky
Tinky's picture

I'm advising my kids to become meteorologists based on the likelihood that there will, apparently, soon be a bidding war between major corporations to bring the cream of the crop in-house. 

Thu, 06/26/2014 - 16:45 | 4899632 Winston Churchill
Winston Churchill's picture

Reading unicorn entrails, as a minor, might also be good.

Thu, 06/26/2014 - 17:09 | 4899724 F.A. Hayek
F.A. Hayek's picture

Only when departing the university with $150k in debt

Thu, 06/26/2014 - 16:47 | 4899644 Cathartes Aura
Cathartes Aura's picture

best have 'em learn Mandarin too, Rothschild's weather corps have things well-covered. . .

In the interview, Lynn Forester de Rothschild said the purchase of Weather Central was the company's latest acquisition.

Weather Central provides real-time reports on weather, traffic and news. It is the only data provider to the China Meteorological Administration and the supplier to every weather channel on the mainland.

Thu, 06/26/2014 - 16:27 | 4899559 ParkAveFlasher
ParkAveFlasher's picture

It's too cold for them buggies!

Thu, 06/26/2014 - 16:29 | 4899563 Rainman
Rainman's picture

Humans will soon grow a third eye eating these ' higher performing ' products. 

Thu, 06/26/2014 - 18:22 | 4900006 saltedGold
saltedGold's picture

Sadly, they just get cancer and die.

Thu, 06/26/2014 - 16:31 | 4899572 Obamanism
Obamanism's picture

Q2 and Q3 will be lower due to the Soccer backlast.....

Thu, 06/26/2014 - 16:41 | 4899619 101 years and c...
101 years and counting's picture

im waiting for them to blame the excessive energy bills due to the bad weather 4 months ago.

Thu, 06/26/2014 - 16:31 | 4899573 orangegeek
orangegeek's picture

hey - it's quarter end soon

 

adjusted earnings/share buyback season is upon us again

 

weeeee!!!!!!!!!!! yipeeeeee!!!!!!!  BTFATH!!!!!!!!!!!!!!!

 

 

Thu, 06/26/2014 - 16:35 | 4899596 TheRideNeverEnds
TheRideNeverEnds's picture

just buy the dip, DD is a good three points off of its highs of the decade and a solid 20 points from all time highs, its free money.  

Thu, 06/26/2014 - 16:40 | 4899608 AcidRastaHead
AcidRastaHead's picture

That magical sister from Frozen, she did it, she hurt our business.  Higher performing seeds?  WTF?

Thu, 06/26/2014 - 16:42 | 4899617 Dr. Engali
Dr. Engali's picture

This weather phenomenon must be relatively new. I don't ever remember having weather in the past.

Thu, 06/26/2014 - 17:12 | 4899734 Al Huxley
Al Huxley's picture

I know, right?  I hope we don't have more of this 'weather' they keep talking about - it could end up impacting Q2.

Thu, 06/26/2014 - 16:50 | 4899652 Ayn Rand
Ayn Rand's picture

Snow and cold in January and February for the first time in history. No wonder the economy was impacted.
What shit.

Thu, 06/26/2014 - 17:09 | 4899725 F.A. Hayek
F.A. Hayek's picture

2K14's Y2K?

Thu, 06/26/2014 - 17:23 | 4899778 overmedicatedun...
overmedicatedundersexed's picture

maybe these CEO's did buy into AGW, and now they can't figure out how to work with cold weather..blame everything but the inept management crooks.

Thu, 06/26/2014 - 17:24 | 4899781 Yen Cross
Yen Cross's picture

      On the bright side, there'll be fewer retarded, ADHD, autistic babies born this year.

Thu, 06/26/2014 - 17:25 | 4899785 starman
starman's picture

Worry not, by laying of 50k pluss workers and selling a zillion bonds to raise some capital for stawk buybacks  they'll be just fine! 

Forward comrade!

Thu, 06/26/2014 - 17:58 | 4899906 Duc888
Duc888's picture

 

 

"Performance Chemicals"  Aaayup, Dupont Chromabase paint (Ducati yellow) is north of $122.00 a pint now.  That's over $1000.00 a gallon.  People think Gasoline is expensive.

 

Funny shit.

 

"the paintsniffer"

Thu, 06/26/2014 - 18:49 | 4900101 grekko
grekko's picture

Since the weather here in Georgia has been so good, does that mean good or bad news for

WallStreet?  I'm confused.

Thu, 06/26/2014 - 20:42 | 4900471 Dublinmick
Dublinmick's picture

It is probably good news, more GMO corn is grown, more disease that big pharma, psychiatrists, the cancer industry and the cut burn medical community can reap big profits on. And don't laught the funeral and cremation industry scores big also. These boys are also mixed up in franchise chain funeral homes. They are taking this skull and bones thing seriously.

http://politicalgates.blogspot.com/2011/10/friends-of-rick-perry-joseph-...

The menorah gardens funeralgate scandal. Much of this has been scrubbed from the net.

 

A Texas judge ruled today that Gov. George W. Bush cannot be forced to testify in a lawsuit by an ousted state regulatory official who contends she was fired for investigating a funeral home company headed by a Bush political supporter.

FORT LAUDERDALE, Fla. - Attorneys suing a cemetery company accused of recycling graves showed grisly photos and video footage Thursday of crushed burial vaults and human remains discarded in the woods.

They also presented internal documents they say show Menorah Gardens & Funeral Chapels in West Palm Beach and its owner, Houston-based Service Corporation International, were aware of the grave desecrations. SCI is the world's largest cemetery company...
More than 1,000 people could become part of the class-action lawsuit, they said.

"That body that is placed to rest for eternity is now destroyed, maligned, abused," said attorney Ervin A. Gonzalez.
SCI officials did not immediately return a call Thursday but said Wednesday that they had no knowledge of any wrongdoing. The state attorney general's office is investigating Menorah Gardens and four other South Florida cemeteries owned by SCI.
A videotape and photos taken by private investigators showed a leg bone beside chunks of a concrete vault, in which coffins are placed. They also show Jewish burial shrouds, and a Star of David next to finger bones.
A former cemetery worker led investigators to the remains, attorneys said.

Families of the SCI clients stated that their loved ones were removed from burial sites, and dumped in the nearby woods, buried in the wrong vaults or in an unsuitable disrespectful manner. Eventually the Florida case was settled, costing SCI $100 million. Subsequently, other investigations uncovered more violations by the corporation in Virginia and Maryland, leading to more lawsuits.

Thu, 06/26/2014 - 20:55 | 4900521 WillyGroper
WillyGroper's picture

Menorah Gardens??? ROFL

I'll betcha those bodies were picked clean of any "cost recapture" for donations to the medical establishment.

Bones replaced with PVC amongst other skullduggery, an probably from cancer patients too.

I believe our beloved Chris Cuomo was the recipient of such tissue for a knee replacement. Was it from Alistair Cook? Can't remember. Think he died of cancer too.

 

Thu, 06/26/2014 - 21:28 | 4900636 Dublinmick
Dublinmick's picture

Now that you mention it, there were some allegations like that. It was long time ago but if I recall some mention of ligaments sold off cadavers used in medical techniques like knee surgery etc.

Thu, 06/26/2014 - 20:44 | 4900481 Dublinmick
Dublinmick's picture

You can't make this this stuff up!

Do NOT follow this link or you will be banned from the site!