Corteva Warns Flat H2 Profit, Shares Plunge 10%
CTVA sits 32% above its 52-week low of $60.535.
Summary
Corteva warned second-half operating profit will be roughly flat year-over-year, sending shares down nearly 10% — the biggest one-day drop since 2020. The warning comes just a day after the company raised its full-year earnings forecast on strong first-half results, creating a sharp reversal. Management cited tariffs, separation costs, and Middle East conflict as headwinds, while also noting Brazil pricing won't recover this year. The company remains on track to split into two public companies on October 1, with separation costs now expected to be a $25 million headwind. This follows the Q2 beat and raised guidance reported yesterday, but the flat H2 outlook and 10% sell-off signal the market is repricing the stock on near-term margin pressure.
At the time of this announcement, CTVA was trading at $79.88 on NYSE in the Life Sciences sector, with a market capitalization of approximately $53.4B. The 52-week trading range was $60.54 to $90.97. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.