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Lower Q2 Earnings for Corteva Agriscience

Published August 1, 2019

Corteva Agriscience is reporting net fiscal 2019 second quarter earnings of $5.6 billion, down three percent from the second quarter of 2018. Corteva Agriscience CEO Jim Collins says sales volumes were essentially flat with U.S. volume down five percent. There were gains in Latin America and Asia Pacific that more than offset the declines in North America. Net sales for the first half of 2019 are down six percent at $9 billion. Corteva lowered its full year guidance by $250 to $300 million due to the 2019 growing season.