INDIANAPOLIS (AP) — INDIANAPOLIS (AP) — Corteva, Inc. (CTVA) on Thursday reported second-quarter profit of $1.16 billion.
On a per-share basis, the Indianapolis-based company said it had profit of $1.73. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.30 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The agriculture posted revenue of $6.38 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $6.62 billion.
Corteva, Inc. expects full-year earnings in the range of $3.60 to $3.80 per share.
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