Investing.com - U.S. chemicals giant EI DuPont De Nemours & Company (NYSE:DD) reaffirmed its full-year earnings outlook on Tuesday, sending its shares higher ahead of the opening bell.
DuPont said that operational earnings per share came in at $1.17 in the second quarter, meeting expectations. The company’s second quarter revenue totaled $9.71 billion, below expectations for revenue of $9.77 billion.
"While lower agriculture earnings impacted our results this quarter, we continue to see strong science-driven growth in this segment over the long term. We are steadily advancing DuPont's strategy to build and strengthen world-leading positions in agriculture and nutrition, bio-based industrials and advanced materials," said DuPont Chair and CEO Ellen Kullman.
The company reaffirmed its recently updated outlook for full-year 2014 operating earnings of $4.00-$4.10 per share, an increase of 3%-to-6% from $3.88 per share earned in 2013, based on expected growth in global industrial market demand.
The company anticipates a strong second half in 2014 with operating earnings per share of $1.25-$1.35, about 40% of which is expected in the third quarter.
Following the release of the report, EI du Pont de Nemours and Company (NYSE:DD) shares jumped 4.2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.25% at the open, the S&P 500 pointed to a rise of 0.2%, while Nasdaq 100 tacked on 0.3%.