DuPont cuts guidance; customers tighten spending

WASHINGTON (MarketWatch)
DuPont lowered its 2011 profit outlook on Friday as its customers tighten spending in an uncertain economic environment.
For the full year, the Wilmington, Del.-based chemical company said it now expects to earn $3.87 to $3.95 a share, excluding significant items, versus its prior view of $3.97 to $4.05 a share.
"We are seeing slower growth in certain segments during the fourth quarter, driven by global economic uncertainty," said DuPont Chair and CEO Ellen Kullman.
"This uncertainty is contributing to ongoing conservative cash management in some supply chains."