Wilmington, Del. • DuPont Co. reported net income Tuesday that climbed by 3.9 percent in its second quarter, matching analyst expectations.
Shares of the Wilmington, Del. company jumped before markets opened and after it released results.
DuPont said profit increased to $1.07 billion, or $1.15 per share, from $1.03 billion, or $1.11 per share, in the same quarter a year earlier.
Earnings, adjusted for non-recurring costs, were $1.17 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.17.
The company said revenue decreased 1.4 percent to $9.71 billion from $9.84 billion in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $10.02 billion, according to Zacks.