Corteva Reports Fourth Quarter and Full Year 2019 Results and Provides 2020 Guidance
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Corteva (CTVA) Tops Q4 EPS by 19c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus, Provides FY20 EPS Outlook
January 30, 2020 6:11 AM ESTCorteva (NYSE: CTVA) reported Q4 EPS of $0.07, $0.19 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $2.92 billion.
Full year reported net sales for 2019 were $13.8 billion, down 3% versus the prior year, driven by currency.GAAP earnings per share (EPS) from continuing operations were $0.02 for the full year and GAAP income from continuing operations after taxes was $26 million.Outside of North America,3 net sales in 2019 grew 1%, with an increase of 1% in Crop Protection and flat Seed sales. New product sales... More