Corteva reports Q2 non-GAAP EPS $1.60, consensus $1.58

Reports Q2 non-GAAP revenue $6.01BB, consensus $6.46B. “Corteva once again delivered growth in the first half of 2023, driven by its diversified and unique technology portfolio providing further evidence that our strategy is creating significant value. The Seed business had another terrific quarter which reflects the strong demand for our superior technology: today, Enlist E3TM is the number one selling soybean technology in the U.S…As we look to the second half, demand fundamentals remain positive: farmer net incomes remain above historical averages and they continue to focus on technology for both yield enhancement and preservation. At Corteva, we will continue to focus on our key controllables: delivering best in class solutions and technologies to farmers, proactively managing our cost structure, while increasing investments in innovation for the future,” said Chuck Magro, CEO.