Corteva Rises as CEO Sees Robust Outlook for Farmer Spending on Crops [BNN Bloomberg (Canada)]
Corteva, Inc. (CTVA)
Last corteva, inc. earnings: 1/30 06:00 am
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Source: BNN Bloomberg
Corteva rose as much as 7% to $57.70 in New York, the biggest intraday gain in a month, after reporting adjusted per-share operating earnings that beat analysts' estimates. A robust appetite for farm-produced goods is expected to drive demand for seeds in 2024, Chief Executive Officer Chuck Magro said Thursday during Corteva's first-quarter earnings call. The crop protection business, which saw sales plunge 20% in the first quarter, is expected to return to volume growth in the year's second half, he said. “We continue to see record-setting demand for grain, oilseeds, feed, and biofuels,” Magro said. “In order to meet this growing demand, farmers are investing in premium seed and crop protection technologies to enhance and protect yield.” Read More: Corteva Shares Rise as Q1 ‘Well Above' Guidance: Street Wrap Corteva and other agriculture companies are counting on crop demand to spur farmers to spend more on this season's plantings in hopes of bumper harvests and higher commo
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News
- A Ranch Where Quality Beef Production And Biodiversity Coexist [Forbes]Forbes
- Arcadia Biosciences (RKDA) Announces Sale of Resistant Starch Durum Wheat Trait to Corteva Agriscience (CTVA) [Yahoo! Finance]Yahoo! Finance
- Corteva to Participate in the 2024 BMO Farm to Market Chemicals Conference [Yahoo! Finance]Yahoo! Finance
- Corteva to Participate in the 2024 BMO Farm to Market Chemicals ConferencePR Newswire
- Global Crop Protection Chemicals Market Review 2022-2023 with Forecasts to 2030 by Type, Form, Source, Application Technique, Crop Type and Region [Yahoo! Finance]Yahoo! Finance
CTVA
Earnings
- 5/1/24 - Beat
CTVA
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 144
- 5/13/24 - Form 4
- CTVA's page on the SEC website