Corteva shares tumble after Q2 revenue miss, outlook comments

Corteva

31/07/2026 17:38

** Shares in agriscience firm Corteva Inc CTVA.N down ~10%, on track for biggest one-day percentage drop since 2020
** CTVA leads losses on the S&P 500 materials index .SPLRCM after missing Q2 revenue estimates late on Thursday
** Co raises forecast for FY adjusted profit but says it expects second-half 2026 core profit to be roughly flat from a year earlier as costs from tariffs, planned separation and the Middle East conflict offset the impact of rising seed demand and adoption of newer crop-protection products
** During conference call, CTVA CFO David Johnson forecast low-single-digit organic seed sales growth in second-half of 2026
** Crop protection volumes seen growing at high single-digit rate but pricing to decline in low to mid-single digits; co does not expect pricing in Brazil to recover in 2026
** CTVA still up ~20% YTD vs ~9% gain in SPLRCM
** Five of 23 analysts rate CTVA "strong buy", 10 "buy" and 8 "hold"; their median PT is $94, according to LSEG-compiled data

 (Reporting by Sinead Carew, Sumit Saha)
 ((sinead.carew@thomsonreuters.com))