Corteva, Inc.: Q1 Earnings Snapshot
WILMINGTON, Del. (AP) _ Corteva, Inc. (CTVA) on Tuesday reported first-quarter profit of $600 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of 80 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The agriculture posted revenue of $4.18 billion in the period.
Corteva, Inc. expects full-year earnings in the range of $1.85 to $1.95 per share, with revenue in the range of $14.6 billion to $14.8 billion.
Corteva, Inc. shares have climbed 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $49.79, a climb of 96% in the last 12 months.