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Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

RTTNews | il y a 751

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

Tags: 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

Lavie Bio Ltd., a subsidiary of ag-biologicals company Evogene Ltd. (EVGN) announced on Monday a licensing agreement with ag innovation company Corteva Inc. (CTVA), that grants Corteva exclusive rights to further develop and commercialize the lead bio-fungicide product candidates targeting fruit rots and powdery mildew, which were discovered and developed by Lavie Bio.

RTTNews | il y a 853

Tech Shares May Lift South Korea Stock Market

Tech Shares May Lift South Korea Stock Market

The South Korea stock market on Friday halted the four-day winning streak in which it had surged almost 220 points or 5.5 percent. The KOSPI sits just above the 4,010-point plateau and it may see a technical rebound on Monday.

RTTNews | il y a 1h 15min

Japan GDP Data Due On Monday

Japan GDP Data Due On Monday

Japan will on Monday release preliminary Q3 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the three months prior, GDP was up 0.5 percent on quarter and 2.2 percent on year.

RTTNews | il y a 1h 45min

U.S. Dollar Falls Against Euro, Pound

U.S. Dollar Falls Against Euro, Pound

The U.S. dollar fell against the euro and the pound in the New York session on Friday.

RTTNews | il y a 1

Swiss Market Ends On Weak Note

Swiss Market Ends On Weak Note

Save for a brief while around mid morning when it edged slightly above the flat line, Switzerland's benchmark index SMI remained in negative territory on Friday amid concerns about high tech valuation and fading hopes of an interest rate cut by the Federal Reserve next month.

RTTNews | il y a 2

European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes

European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes

European stocks closed weak on Friday amid concerns about high tech valuations, and fading hopes of a Federal Reserve rate cut next month following hawkish comments from a few central bank officials.

RTTNews | il y a 2

Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise

Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise

After opening with a big negative gap and dropping further down into the red Friday morning, the Canadian benchmark S&P/TSX Composite Index recovered gradually and was up modestly above the flat line a little past noon.

RTTNews | il y a 2

Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Lower Canadian and U.S. futures and weak metal prices point to a negative open for stocks on Bay Street Friday morning. Energy stocks may find some support thanks to higher crude oil prices and help limit the downside.

RTTNews | il y a 2

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