NEW YORK (TheStreet) -- Shares of E I Du Pont De Nemours and Co. (DD) are down -3.84% to $65.10 in heavy trading volume this afternoon as the stock continues to fall following the company's announcement that it cut its outlook for the second quarter and full year 2014.
Du Pont, an agriculture and chemical company, said operating earnings for the 2014 second quarter will be "moderately below" the EPS of $1.28 it earned during the 2013 second quarter, compared to analyst estimated EPS of $1.46, according to a FactSet poll.
The company lowered its operating earnings guidance for the 2014 full year to between $4.00 and $4.10 per share, compared to analyst expectations of $4.28 per share.
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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."