Corteva, Inc. (NYSE:CTVA) reported mixed fourth-quarter results, after the closing bell on Wednesday.
Corteva posted adjusted earnings of 32 cents per share, beating market estimates of 31 cents per share. The company's quarterly sales came in at $3.978 billion missing estimates of $4.008 billion.
“Our results for full year 2024 reflect our focus on disciplined execution: despite less-than-ideal market conditions, Corteva was able to generate strong cash from operations for the year and deliver record results in the fourth quarter,” Chuck Magro, the company's Chief Executive Officer said.
Corteva said it sees FY25 operating earnings of $2.70 to $2.95 per share and net sales of $17.2 billion to $17.6 billion.
Corteva shares gained 0.1% to trade at $62.42 on Friday.
These analysts made changes to their price targets on Corteva following earnings announcement.
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