WILMINGTON, Del. (AP) - DuPont Co. (DD) on Tuesday reported third-quarter earnings of $235 million.
WILMINGTON, Del. (AP) — DuPont Co. (DD) on Tuesday reported third-quarter earnings of $235 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of 26 cents. Earnings, adjusted to account for discontinued operations and non-recurring gains, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The chemical company posted revenue of $4.87 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $5.22 billion.
DuPont expects full-year earnings to be $2.75 per share.
DuPont shares have fallen 18 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 1 percent. The stock has fallen 13 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DD at http://www.zacks.com/ap/DD
Keywords: DuPont, Earnings Report, Priority Earnings