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Investing.com -- Corteva , Inc. (NYSE:CTVA) reported first-quarter earnings that beat analyst expectations, but shares fell 4.3% as the agricultural company’s full-year guidance came in below estimates.
The seed and crop protection company posted adjusted earnings per share of $1.13 for Q1 2025, surpassing the analyst consensus of $0.88. Revenue rose 3% YoY on an organic basis to $4.61 billion, also topping expectations of $4.54 billion.
However, Corteva’s outlook for the full year 2025 fell short of Wall Street projections. The company reaffirmed its guidance for adjusted EPS of $2.70-$2.95, below the $2.95 analyst estimate. Revenue guidance of $17.2-17.6 billion was in line with the $17.34 billion consensus.
"In the first quarter, Corteva delivered on rising demand for our differentiated technology, while our focus on cost discipline and operational excellence in both businesses delivered net cost reductions and margin expansion," said CEO Chuck Magro.
Seed sales declined 2% to $2.71 billion, though organic sales rose 2%. Crop Protection sales also decreased 2% to $1.71 billion, with organic sales up 3%.
The company cited mixed agricultural fundamentals globally, with strong on-farm demand for technology offset by moderating crop prices and trade uncertainties. Corteva expects high-single-digit volume gains to exceed low-single-digit pricing headwinds for the full year.
Corteva plans to repurchase approximately $1 billion of shares in 2025. Despite the earnings beat, the weaker-than-expected guidance appeared to disappoint investors, as reflected in the stock’s decline following the report.
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