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Corteva Q2 Adjusted Earnings Rise, Revenue Falls; Shares Drop After Hours

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Corteva (CTVA) reported Q2 adjusted earnings late Thursday of $2.30 per diluted share, up from $2.20 a year earlier.

Analysts polled by FactSet expected $2.24.

Revenue in the three months ended June 30 fell to $6.38 billion from $6.46 billion a year earlier.

Analysts expected $6.6 billion.

The company raised its full-year operating EPS guidance to the range of $3.60 to $3.80 from the prior forecast of $3.45 to $3.70.

Analysts project $3.76.

Corteva shares fell 6% in after-hours trading.

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