NEW YORK (TheStreet) -- Shares of E l Du Pont De Nemours and Co. (DD) are down -3.40% to $65.35 in pre-market trading on Friday after the company cut its earnings outlook for the 2014 second quarter and full year.
The chemical and agriculture company is expecting operating earnings for the 2014 second quarter to be "moderately below" the $1.28 per share earned during the same period the previous year.
As a result Du Pont lowered its full year operating earnings outlook to between $4 and $4.10 per share.
Must Read: Warren Buffett's 25 Favorite Stocks
Analysts were expecting second quarter earnings of $1.46 and 2014 full year earnings of $4.28 per share, according to FactSet poll.
DuPont said it was reducing its outlook based on "lower than expected corn seed sales and higher than expected seed inventory write-downs," and "lower than expected crop protection herbicide sales, largely due to weather."
Separately, TheStreet Ratings team rates DU PONT (E I) DE NEMOURS as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DU PONT (E I) DE NEMOURS (DD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."