Corteva Cuts FY23 Adj EPS Outlook From $2.80-$3.00 To $2.75- $2.90, Consensus $2.90
Portfolio Pulse from Benzinga Newsdesk
Corteva has revised its FY23 adjusted EPS outlook downwards from $2.80-$3.00 to $2.75-$2.90, which is in line with the consensus estimate of $2.90.
August 04, 2023 | 2:48 pm
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Corteva's downward revision of its FY23 adjusted EPS outlook could potentially impact investor sentiment and the company's stock price.
Corteva's downward revision of its FY23 adjusted EPS outlook indicates a potential decrease in profitability. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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