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Corteva, Inc.: 3Q Earnings Snapshot

·1 min read

WILMINGTON, Del. (AP) _ Corteva, Inc. (CTVA) on Wednesday reported a loss of $392 million in its third quarter.

On a per-share basis, the Wilmington, Delaware-based company said it had a loss of 52 cents. Losses, adjusted for non-recurring costs, were 39 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.

The agriculture posted revenue of $1.86 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.93 billion.

Corteva, Inc. expects full-year earnings in the range of $1.25 to $1.45 per share.

Corteva, Inc. shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.78, a rise of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTVA at https://www.zacks.com/ap/CTVA