Corteva Sees Q3 Results Below Estimates; Slashes FY23 Outlook

RTTNews | 550 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 | 652 days ago
Japan Retail Sales Climb 3.1% On Year In March

Japan Retail Sales Climb 3.1% On Year In March

The value of retail sales in Japan was up 3.1 percent on year in March, the Ministry of Economy, Trade and Industry said on Wednesday - coming in at 14.063 trillion yen.
RTTNews | 13 minutes ago
Japan Industrial Output Sinks 1.1% In March

Japan Industrial Output Sinks 1.1% In March

Industrial production in Japan was down a seasonally adjusted 1.1 percent on month in March, the Ministry of Economy, Trade and Industry said on Wednesday.
RTTNews | 19 minutes ago
Singapore Bourse Expected To Halt Losing Streak On Wednesday

Singapore Bourse Expected To Halt Losing Streak On Wednesday

The Singapore stock market has moved lower in four straight sessions, slumping more than 25 points or 0.7 percent in that span. The Straits Times Index now sits just above the 3,805-point plateau although it's due for support on Wednesday.
RTTNews | 29 minutes ago
Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

The Malaysia stock market on Tuesday snapped the four-day winning streak in which it had gathered more than 35 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau although it figures to bounce higher again on Wednesday.
RTTNews | 59 minutes ago
Japan Market May Crack Resistance At 36,000 Points

Japan Market May Crack Resistance At 36,000 Points

Ahead of Tuesday's holiday for Showa Day, the Japanese stock market had finished higher in four straight sessions, collecting almost 1,650 points or 4.6 percent along the way. The Nikkei 225 now sits just beneath the 35,840-point plateau and it's got a solid lead for Wednesday's trade.
RTTNews | 1h 14min ago
Higher Open Predicted For South Korea Shares

Higher Open Predicted For South Korea Shares

The South Korea stock market has moved higher in three straight sessions, collecting more than 40 points or 1.7 percent in that span. The KOSPI now sits just above the 2,565-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | 1h 29min ago
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