Corteva, Inc. (CTVA) Reports Q3 Loss, Misses Revenue Estimates
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Corteva, Inc. (CTVA) reported a Q3 loss of $0.49 per share, missing the Zacks Consensus Estimate of a $0.31 loss. This is a larger loss compared to $0.23 per share a year ago.
November 07, 2024 | 12:00 am
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Corteva, Inc. reported a larger than expected Q3 loss of $0.49 per share, missing the consensus estimate of $0.31 and increasing from last year's $0.23 loss.
The reported loss of $0.49 per share is significantly worse than the expected loss of $0.31, indicating a negative earnings surprise. This is likely to put downward pressure on the stock price in the short term as investors react to the larger than expected loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100