DuPont

(DD) - Get Report

shares rose early Tuesday after the chemical company returned to profit in the third quarter.

Net income was $331 million, or 33 cents a share, vs. a loss of $873 million, or 88 cents a share, in the year-ago period.

Excluding items, the Wilmington, Del.-based company earned $253 million, or 25 cents a share, a penny ahead of the consensus forecast of analysts, according to Thomson First Call.

Special items produced a net after-tax benefit of $78 million, or 8 cents a share, in the third quarter.

Revenue decreased 7% to $5.74 billion, largely because of the sale of its Invista textiles unit. Excluding what the company called "portfolio changes," sales rose 10%, to $6.4 billion.

DuPont also reaffirmed its full-year EPS forecast of $2.25 to $2.35, excluding items, despite the fact that "leading global economic indicators, especially those in industrial production, are showing signs of slowing growth rates in response to the sharp increase in energy-related costs during the third quarter."

DuPont is in the midst of a restructuring.

Shares added 47 cents, or 1.1%, to $42.65 in the premarket.