Corteva Reaffirms Full Year 2024 Guidance; Net Sales Of $17.4B-$17.7B (Est $17.56B), Adj EPS Of $2.70-$2.90 (Est $2.83)
Portfolio Pulse from Benzinga Newsdesk
Corteva has reaffirmed its full-year 2024 guidance, projecting net sales between $17.4B-$17.7B and adjusted EPS of $2.70-$2.90. The company also plans to repurchase $1.0 billion of its shares and expects operating EBITDA to be in the range of $3.5B-$3.7B, indicating a 6% growth at the mid-point.
May 01, 2024 | 9:14 pm
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Corteva reaffirms its 2024 guidance with expected net sales of $17.4B-$17.7B and adjusted EPS of $2.70-$2.90, alongside a $1.0 billion share repurchase plan and a projected operating EBITDA of $3.5B-$3.7B.
Corteva's reaffirmation of its 2024 financial guidance, including a significant share repurchase plan, suggests a strong outlook and confidence in its financial health. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The specific mention of expected growth in operating EBITDA further supports a positive outlook.
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