WILMINGTON, Delaware — DuPont Co. (DD) on Tuesday reported second-quarter profit of $940 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of $1.03. Earnings, adjusted for non-recurring costs, came to $1.18 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The chemical company posted revenue of $8.6 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $9.28 billion.
DuPont expects full-year earnings to be $3.10 per share.
DuPont shares have decreased 23 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 13 percent in the last 12 months.
Keywords: DuPont, Earnings Report, Priority Earnings