Corteva Q2 2024 Adj. EPS $1.83 Beats $1.73 Estimate, Sales $6.110B Miss $6.159B Estimate
Portfolio Pulse from Benzinga Newsdesk
Corteva (NYSE:CTVA) reported Q2 2024 adjusted EPS of $1.83, beating the estimate of $1.73. However, sales of $6.110 billion missed the estimate of $6.159 billion. Sales increased by 1.08% year-over-year.
July 31, 2024 | 8:17 pm
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Corteva's Q2 2024 adjusted EPS of $1.83 beat estimates by 5.78%, but sales of $6.110 billion missed by 0.79%. Sales increased by 1.08% year-over-year.
While Corteva's EPS beat expectations, the sales miss and the modest year-over-year sales growth may lead to mixed investor reactions. The positive EPS surprise could support the stock, but the sales miss might limit significant upward movement.
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