Revenue fell 17% year-over-year to $4.87 billion for the third quarter, missing estimates of $5.3 billion due to weak sales in emerging markets and unfavorable foreign exchange rates.
Sales in Latin America declined 33%, while Europe, Middle East and Africa sales dropped 19%.
The company did report earnings of 13 cents per share for the latest quarter, beating estimates of 10 cents per share.
"Amid the current challenging macro environment, our priority is to aggressively manage what is within our control, including taking a fresh look at DuPont's cost structure and capital allocation strategy to identify ways to further improve shareholder return," interim CEO Ed Breen said in a statement.
TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, has this to say about DuPont: "I think Mr. Breen has his work cut out for him. There are many rationalizations that can be done, but the ag business is very weak and Dow (DOW) is doing so much better."
Separately, TheStreet Ratings team rates DU PONT (E I) DE NEMOURS as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate DU PONT (E I) DE NEMOURS (DD) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow
You can view the full analysis from the report here: DD