Corteva Q2 Adj EPS $1.60 Beats $1.58 Estimate, Sales $6.05B Miss $6.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Corteva reported Q2 adjusted earnings of $1.60 per share, beating the analyst consensus estimate of $1.58 by 1.27%. However, this is a 2.44% decrease from the same period last year. The company's quarterly sales of $6.05 billion missed the analyst consensus estimate of $6.46 billion by 6.35%, marking a 3.20% decrease from the same period last year.
August 04, 2023 | 2:36 pm
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Corteva's Q2 earnings beat estimates but sales missed, and both showed a decrease from the same period last year.
While Corteva beat earnings estimates, the miss on sales and the decrease in both earnings and sales from the same period last year could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100