Recap: Corteva Q1 Earnings

Shares of Corteva CTVA moved higher in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 33.90% year over year to $0.79, which beat the estimate of $0.65.

Revenue of $4,178,000,000 higher by 5.61% from the same period last year, which beat the estimate of $3,810,000,000.

Outlook

Corteva Sees FY 2021 Net Sales $14.6B-$14.8B Vs $14.67B Est

Recent Stock Performance

52-week high: $49.98

52-week low: $22.38

Price action over last quarter: Up 16.71%

Company Description

Corteva was formed in 2019 as the agriculture division of the DowDuPont merger and subsequent separation. The company is a leader in the development of new seed and crop chemicals products. Seeds generate a little over half of total company profits and crop protection chemicals make up the remainder. Although Corteva operates globally, around half of revenue comes from North America.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!