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Corteva Shares Slide After Brazil Weakness Prompts Annual Profit Forecast Cut
The agrichemicals company cut its annual profit outlook to 76 cents to 80 cents per share as Latin American sales fell 28%, analysts said.
Summary by WTVB
7 Articles
7 Articles
Corteva (CTVA) Stock Slips After Hours as Brazil Weakness Hits Earnings
TLDR Corteva (CTVA) stock fell about 6% after hours to $11.34 following its Q3 report. Adjusted EPS was $0.06 versus $0.10 expected, and revenue fell 9% to $1.59 billion. Latin America organic sales dropped 31% as Brazil’s crop protection market weakened. Full-year adjusted operating EPS guidance of $0.76 to $0.80 beat the $0.60 consensus. The [...]
Coverage Details
Total News Sources7
Leaning Left1Leaning Right1Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
Factuality
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