Corteva Cuts FY23 Net Sales Outlook From $18.6B-$18.9B To $17.9B-$18.2B, Consensus $18.54B
Portfolio Pulse from Benzinga Newsdesk
Corteva has reduced its FY23 net sales outlook from $18.6B-$18.9B to $17.9B-$18.2B, which is below the consensus estimate of $18.54B.
August 04, 2023 | 2:42 pm
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NEGATIVE IMPACT
Corteva's lowered FY23 net sales outlook may negatively impact its stock price in the short term.
Corteva's revised FY23 net sales outlook is lower than the previous estimate and also below the consensus estimate. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100