Corteva (NYSE:CTVA) reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
Corteva reported in-line EPS of $-0.23 versus an estimate of $-0.23.
Revenue was down $187.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 0.59% increase in the share price the next day.
Here’s a look at Corteva’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.58 | 0.93 | 0.05 | -0.23 |
| EPS Actual | 1.60 | 1.16 | 0.16 | -0.12 |
| Revenue Estimate | 6.46B | 4.76B | 3.79B | 2.60B |
| Revenue Actual | 6.04B | 4.88B | 3.83B | 2.78B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Corteva management provided guidance for Q3 2023, expecting earnings between $-0.23 and $-0.23 per share.
To track all earnings releases for Corteva visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
