NEW YORK, July 24 DuPont Co. (DD.N) expects the
housing slump in the United States that hurt second-quarter
results to continue for several more months, Chief Executive
Charles Holliday said on Tuesday.
Holliday told investors and analysts on a conference call
that the company is "not assuming anything improving in North
American housing until sometime well into 2008."
The company on Tuesday cited the housing downturn as one of
the drags on quarterly earnings, which fell short of Wall
Street expectations. The stock fell more than 5 percent to
$50.46 in morning trade on the New York Stock Exchange.
(Reporting by Euan Rocha)