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Slow Seed Sales Contribute to Dow Earnings Drop

2015-01-27 20:32:11| Chemicals - Topix.net

Agriculture companies continue to be negatively impacted by falling corn prices in the fourth quarter - David Begleiter, a New York-based analyst at Deutsche Bank AG DuPont Co., the chemicals company facing a proxy contest with activist shareholder Trian Fund Management LP, posted an unexpected drop in fourth-quarter sales and forecast 2015 earnings that trailed analysts' estimates. Revenue fell to $7.38 billion from $7.75 billion, Wilmington, Delaware-based DuPont said in a statement Tuesday, compared with the $7.79 billion average of 12 estimates compiled by Bloomberg.

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