DuPont earnings widely beat Wall Street view
DuPont posted an 11 percent jump in third-quarter profit on Tuesday, beating Wall Street estimates, but narrowed its earnings outlook for the year.
Net income rose to $409 million, or 45 cents per share, from $367 million, or 40 cents per share, a year earlier. Analysts on average expected 33 cents per share, according to Thomson Reuters I/B/E/S.
Revenue fell 18 percent to $5.96 billion from $7.29 billion. Analysts expected $6.14 billion.
For the full year, the company now expects earnings of $1.95 to $2.05 per share, compared with a previous estimate of $1.70 to $2.10.
(Reporting by Ernest Scheyder; Editing by Lisa Von Ahn)