Shares of DuPont (NYSE: DD) are down over 1% in pre-open Tuesday after the company reported mixed Q3 results.

DuPont reported Q3 EPS of $1.15 to beat the analyst estimate of $1.13. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.2 billion.

"We delivered third quarter financial results ahead of expectations by maintaining a disciplined focus on operational excellence and pricing actions in the face of unprecedented global supply shortages, logistics challenges and sustained inflationary pressure," said Ed Breen, DuPont Executive Chairman and Chief Executive Officer.

On a full-year basis, the company is now calling for EPS of $4.18 to $4.22, lower than the consensus of $4.30. Revenue is seen between $16.34 billion and $16.4 billion, again below the Street at $16.5 billion.

Moreover, DuPont announced a deal to acquire Rogers Corporation (NYSE: ROG) for $5.2 billion. The company will also divest a “substantial portion” of its Mobility & Materials business.

"With today's announcements, we are sharpening our focus on high-growth, high-value opportunities in sectors with steady long-term secular growth trends where our global innovation leadership enables a competitive advantage. Moving forward, our portfolio will be centered on key pillars – electronics, water, protection, industrial technologies and next generation automotive,” added Breen.

Rogers stock price closed at $208.23 yesterday, giving the Arizona-based company a market cap of $3.9 billion.

DuPont stock is up 1.3% YTD.