DuPont Stock Plunges on Gloomy Earnings Warning and China Weakness

DuPont's stock is falling as the company anticipates lower-than-expected earnings due to softening demand from Western industrial customers and China. The preliminary year-end results indicate lower earnings and revenue, leading to a 12% drop in stock value. CEO Ed Breen attributes the decline to weak demand and inventory destocking in industrial businesses, with expectations for further sales and earnings decline in the first quarter of 2024. Despite forecasting a return to growth in the second half of 2024, macro uncertainty remains, making it a challenging time for potential investors.