DuPont's third-quarter profit scraped past the average analyst estimate as the company's cost-cutting efforts helped to boost operating margins in five of its seven businesses.The biggest U.S. chemicals producer by market value said operating earnings rose 17 percent to $497 million, helping to offset weakness in its farm products unit, which accounts for about a fifth of consolidated net sales.DuPont said it expected "sluggish growth in the global economy, along with continuing headwinds in agriculture and from currency" in the fourth quarter ending December.The company forecast a 20 percent rise in fourth-quarter operating earnings from 59 cents per share a year earlier. That works out to about 71 cents, compared with the average analyst estimate of 70 cents, according to Thomson Reuters I/B/E/S.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.43% or $0.16/share to $37.11. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 759628 shares of TRI exchange hands on a given day and today's volume is recorded at 668419.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.51% or $0.21/share to $41.70. In the past year, the shares have traded as low as $36.86 and as high as $42.10. On average, 727186 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 502230.
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