KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Wednesday, August 17, 2022
© 2022 U-S-NEWS.COM
Online Readers: 303
New York: Wednesday, August 17, 2022
Online: 321
Donald Trump's new social media platform "TRUTH Social" Join the Waiting List - Click here
tagreuters.com2022binary_LYNXMPEI7312V-VIEWIMAGE

MONEY & BUSINESS: Corteva reports 14% profit jump, raises full-year forecast

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

By Ruhi Soni

(Reuters) – Corteva Inc on Thursday reported a 14% jump in second-quarter operating earnings and raised its full-year sales and profit forecasts, benefiting from demand for crop protection products.

U.S. farmers have been encouraged to maximize crop yields after prices of essential grains and oilseeds have surged since the Ukraine war.

Ukraine, long considered the “breadbasket of the Black Sea”, was a major exporter of corn, soybean, and sunflower oil.

Corteva said it recorded a $45 million charge related to exiting its Russian operations.

The Wilmington, Delaware-based agricultural chemicals company, a spin-off of DowDuPont’s historic split in 2019, said its net seed sales grew 4.4% to $3.95 billion as a 7% increase in prices offset lower volumes.

The company’s adjusted operating profits grew 14% to $1.20 billion, or $1.64 per share.

It raised its 2022 net sales forecast to $17.2 billion-$17.5 billion, from its previous guidance of $16.7 billion-$17.0 billion. Full-year operating earnings forecast was raised to $2.45-$2.60 per share from $2.35 to $2.55.

In July, Corteva announced a quarterly dividend of 15 cents per share, up by 1 cent from the previous quarter.

(Reporting by Ruhi Soni in Bengaluru; Editing by Maju Samuel)





Source link

(Visited 3 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this article.

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC8ydEZzdEJzNjFQRTUvIj48L2lmcmFtZT4=
IMPORTANT!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwQWxleEpvbmVzQ2hhbm5lbD9mZWF0dXJlPWxhdGVzdCIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9CWDhmdW1VR2pRTUQvIj48L2lmcmFtZT4=
THIS IS IT!!!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1sYXRlc3QiIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

Livestream
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1saXZlbm93IiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

Want The Real News
and join millions of other active users
×
Show
×
Show