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Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

RTTNews | Pred 752 dňami

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

Značky: 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 | Pred 854 dňami

European Shares Mixed In Lackluster Trade

European Shares Mixed In Lackluster Trade

European stocks were mixed on Monday due to concerns about an artificial intelligence bubble and global growth.

RTTNews | Pred 1 h 50 min

Pound Rises Against Majors

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Monday.

RTTNews | Pred 1 h 57 min

Asian Shares Mixed Amid Diplomatic China-Japan Spat

Asian Shares Mixed Amid Diplomatic China-Japan Spat

Asian shares ended mixed on Monday as investors braced for a barrage of U.S. economic data and a spat over Taiwan threatened ties between China and Japan.

RTTNews | Pred 2 h 11 min

Thailand GDP Growth Slows More Than Forecast

Thailand GDP Growth Slows More Than Forecast

Thailand's economic growth eased more than expected in the third quarter due to the fall in manufacturing output and softened tourism-related services, official data showed Monday. Gross domestic product grew 1.2 percent year-on-year in the third quarter, the National Economic and Social Development Council, or NESDC, said Monday. The annual growth was forecast to soften to 1.6 percent from 2.8

RTTNews | Pred 4 h 10 min

Swiss Franc Slides Against Majors

Swiss Franc Slides Against Majors

The Swiss franc weakened against other major currencies in the Asian session on Monday.

RTTNews | Pred 4 h 57 min

European Shares Likely To Open On Subdued Note

European Shares Likely To Open On Subdued Note

European stocks are seen opening mostly lower on Monday as investors await more economic data in the coming days for fresh insights into the U.S. economic and rate outlook.

RTTNews | Pred 5 h 20 min

Indian Shares Edge Higher In Cautious Trade

Indian Shares Edge Higher In Cautious Trade

Indian shares inched higher on Monday, with underlying sentiment supported by a resounding victory for the BJP-led NDA in the Bihar elections and optimism surrounding a potential India-U.S. trade deal.

RTTNews | Pred 6 h 25 min

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