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Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

RTTNews | 671 hari yang lalu

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

Teg: 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 | 773 hari yang lalu

European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment

European Shares Mostly Higher As Nvidia Outlook Lifts Sentiment

European stocks were mostly higher on Thursday as Nvidia's positive results helped ease AI slowdown fears. U.K. markets underperformed as banks and utilities declined.

RTTNews | 14 minit yang lalu

Asian Shares Rise As Nvidia Beats Expectations

Asian Shares Rise As Nvidia Beats Expectations

Asian stocks ended mostly higher on Thursday as Nvidia's strong results quelled worries over weakening AI demand.

RTTNews | 39 minit yang lalu

U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

RTTNews | 43 minit yang lalu

Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | 1j 47min yang lalu

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | 2j 9min yang lalu

European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | 3j 38min yang lalu

Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 4j 31min yang lalu

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