Du Pont Co. said third-quarter net income...
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Du Pont Co. said third-quarter net income slipped nearly 6% to $475 million. The firm blamed the results on a huge windfall that boosted profit a year ago.
The biggest U.S. chemical maker said the results amounted to earnings of 70 cents a share, compared to last year’s $504 million, or 75 cents a share.
Revenue climbed to $9.75 billion for the period from adjusted 1991 third-quarter revenue of $9.43 billion, which includes sales from a new coal joint venture.
Du Pont said this year’s third-quarter earnings were up 18% from last year if a 1991 gain of $103 million from special items is excluded.
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