Corteva Q4 Adj EPS $0.15 Beats $0.06 Estimate, Sales $3.71B Beat $3.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Corteva (NYSE:CTVA) reported Q4 adjusted earnings per share (EPS) of $0.15, surpassing the analyst consensus estimate of $0.06 by 150%. However, this represents a 6.25% decrease from the $0.16 EPS reported in the same quarter last year. Sales reached $3.71 billion, exceeding the $3.62 billion estimate by 2.40%, but marking a 3.08% decline from the $3.83 billion in sales reported in the same period the previous year.
January 31, 2024 | 10:03 pm
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Corteva's Q4 earnings and sales surpassed analyst estimates, with EPS at $0.15 against an expected $0.06 and sales of $3.71B against the $3.62B forecast. Despite beating estimates, both earnings and sales saw a year-over-year decline.
Corteva's stock is likely to experience a positive short-term impact due to the reported earnings and sales beating analyst expectations, which is typically seen as a bullish signal by investors. However, the year-over-year decline in both metrics may temper some of the positive sentiment, suggesting a cautious optimism.
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