Skip to main content



, the blue-chip chemical company, reported third-quarter earnings of 51 cents a share, in line with analysts' estimates, according to a

First Call/Thomson Financial


The company reported earnings from continuing operations of 59 cents a share in the year-ago period.

Revenue rose 3% to $6.87 billion from $6.62 billion.

DuPont also declared a fourth-quarter dividend of 35 cents a share, the same rate as the previous quarter.

In addition, the company expects "significantly" lower fourth-quarter results from the pharmaceuticals segment as sales promotion programs are phased out. Given these circumstances, DuPont said it "appears that the best underlying earnings we can reasonably expect to achieve for 2000 is $2.85 per share, the low end of our previously announced range."

The company added that, should macro economic and currency factors turn more negative, the additional downward pressure on earnings will be very difficult to offset. Nevertheless, the company said "even given a more negative environment, we expect meaningful growth in full year underlying earnings per share."

Analysts expect the company to earn $2.88 a share for the year, according to First Call.