(Boursier.com) — DuPont , the American group active in industrial materials, exceeded profit expectations for the quarter ended and announced the launch of a $5 billion share buyback program. Net income was $376 million, or 73 cents per share, from $404 million a year earlier. Adjusted earnings per share were 82 cents for the quarter ended September, against 79 cents consensus. The electronics and industry unit posted revenue up 3% to 1.51 billion. The water and protection segment saw its revenues increase by 10% to 1.53 billion. The group expects continued strong demand in the fourth quarter in most end markets, with the exception of consumer electronics. The annual sales forecasts are unchanged.
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