Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

RTTNews | 620 days ago
Stocktwits
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 | 722 days ago
Sensex, Nifty Tad Lower Dragged By IT Stocks

Sensex, Nifty Tad Lower Dragged By IT Stocks

Indian shares opened a tad lower on Wednesday after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date and announced a 50 percent tariff on copper imports, expanding trade measures already in place for steel and aluminum.
RTTNews | 13 minutes ago
Australian Market More Than Halves Early Losses In Mid-market

Australian Market More Than Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market moves on Wednesday, reversing the slight gains in the previous session, with the benchmark S&P/ASX 200 staying below the 8,600 level, following the mixed cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | 1h 10min ago
Asian Markets Mixed Amid Tariff Worries

Asian Markets Mixed Amid Tariff Worries

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are reluctant to make significant moves amid the lingering uncertainty about US trade policy after US President Donald Trump delayed the reciprocal tariff deadline until August 1. Asian markets closed mostly higher on Tuesday.
RTTNews | 1h 36min ago
Little Movement Seen For Thai Stock Market

Little Movement Seen For Thai Stock Market

The Thai stock market has finished lower in two of three trading days since the end of the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just above the 1,115-point plateau and it's likely to remain rangebound again on Wednesday.
RTTNews | 2h 43min ago
Australia Building Permits Climb 3.2% On Month In May

Australia Building Permits Climb 3.2% On Month In May

The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
RTTNews | 3h 0min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower on Wednesday after opening in the green, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling to near the 39,600 level, with a mixed performance is most sectors.
RTTNews | 3h 1min ago
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