Agricultural sales, which represented about 37% of total sales for DuPont, fell 11% to $3.22 billion amid a 6% drop in volume and a 5% currency impact. Operating profit declined 7% to $778 million, propped up by cost cuts and price increases from new products.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”