Corteva Analysts Increase Their Forecasts After Upbeat Earnings



Corteva, Inc. (NYSE: CTVA) reported better-than-expected fourth-quarter financial earnings, after the closing bell on Wednesday.

Corteva reported quarterly adjusted earnings of 15 cents per share, which beat the analyst estimates of 6 cents and representing a 6.25% decrease over earnings of 16 cents per share year-over-year. The company reported quarterly sales of $3.71 billion, representing a 3.08% decrease from sales of $3.83 billion year-over-year, according to data from Benzinga Pro.

The company sees 2024 net sales between $17.4 billion and $17.7 billion, versus the estimate of $17.608 billion. Adjusted earnings are anticipated to be between $2.70 and $2.90 per share, versus the $3.01 estimate.

Additionally, Corteva announced plans to repurchase approximately …

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