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Global

DuPont quarterly net hurt by hurricanes


    NEW YORK (Reuters) - Chemical maker DuPont Co reported lower third-quarter earnings, hurt by hurricane-related charges and lower volume shipments in the United States and Europe.

    DuPont said on Tuesday that net income fell to $367 million, or 40 cents a share, from $526 million, or 56 cents a share, a year earlier.

    Excluding items, the company posted earnings of 56 cents a share, down from 59 cents a year earlier.

    In recent quarters, the slump in the U.S. housing and automotive markets has hurt Wilmington, Delaware-based DuPont, which makes products that range from seeds to electronics and from paints to protective gear.

    Shares of DuPont, which are down more than 30 percent over the last six months, closed at $36.17 Monday on the New York Stock Exchange.

    (Reporting by Euan Rocha; Editing by Lisa Von Ahn)