Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

RTTNews | 669 dias atrás
Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

(RTTNews) - Announcing preliminary net sales and earnings results for the third quarter on Friday, Corteva, Inc. (CTVA) now expects third-quarter loss from continuing operations of $0.45 per share on net sales of approximately $2.6 billion.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.22 per share on revenues of $2.76 billion for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects operating earnings per share in a range of $2.50 to $2.70 per share on net sales between $17.0 billion and $17.3 billion.

Previously, the company expected operating earnings per share in the range of $2.75 to $2.90 per share on net sales between $17.9 billion and $18.2 billion.

The Street is looking for earnings of $2.81 per share on revenues of $17.98 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : CTVA
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Evogene's Lavie Bio Inks Licensing Agreement For Bio-Fungicides With Corteva Agriscience

Evogene's Lavie Bio Inks Licensing Agreement For Bio-Fungicides With Corteva Agriscience

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Indonesia Shares May Reverse Tuesday's Losses

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Higher Open Called For China Stock Market

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Win Streak May Continue For Taiwan Stock Market

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Singapore Stock Market Expected To Open In The Green

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Malaysia Stock Market Expected To Open To The Upside On Wednesday

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RTTNews | 2h 15min atrás