By Dave Sebastian

DuPont De Nemours Inc. (DD) reported lower third-quarter profit as sales fell.

For the quarter ended Sept. 30, the company posted net income of $372 million, or 50 cents a share, compared with $501 million, or 65 cents a share, in the comparable quarter last year. Analysts polled by FactSet were expecting 74 cents a share.

On an adjusted basis, earnings were 96 cents a share, ahead of the 94 cents a share analysts had expected.

Sales were $5.43 billion, compared with $5.68 billion in the year-ago period. Analysts were expecting $5.43 billion.

For the full year, the company narrowed its adjusted per-share earnings guidance to between $3.77 and $3.82 from between $3.75 and $3.85. It backed its guidance for organic sales to be slightly down compared with a year ago.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

October 31, 2019 06:33 ET (10:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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