UPDATE: DuPont Posts Upbeat Q2 Profit

E.I. DuPont de Nemours & Co

reported a drop in its second-quarter net income. DuPont's quarterly net profit fell to $1.03 billion, or $1.11 per share, from $1.17 billion, or $1.23 per share, in the year-earlier quarter. Its adjusted operating earnings came in at $1.28 per share. Its revenue declined to $10 billion from $10.21 billion. However, analysts were projecting earnings of $1.27 per share on revenue of $10.04 billion. DuPont shares closed at $57.17 yesterday.