We’re upbeat on chemicals maker DuPont, despite its narrowed guidance

News Snapshot:

DuPont de Nemours (DD) delivered a decent third quarter Wednesday, even as the company's lowered outlook for the full year weighed on its stock. But we remain optimistic the specialty chemicals company's electronics business will turn next year, leading to revived growth. Net sales for the three months ended Sept. 30 declined roughly 8% year-over-year, to $3.06 billion, missing analysts' expectations of $3.15 billion, according to LSEG. Adjusted earnings-per-share (EPS) of 92 cents exceeded the LSEG estimate of 84 cents a share, growing 12% year-over-year. Shares of DuPont closed down more than 8% Wednesday, at $66.95 apiece. Bottom line DuPont's...