BUZZ-Corteva rises on Q1 profit beat, upbeat annual sales forecast

Reuters
08 May
BUZZ-Corteva rises on Q1 profit beat, upbeat annual sales forecast 

** Shares of agrichemicals firm Corteva CTVA.N rise 4.2% to $65.42

** CTVA late on Wednesday posted Q1 adjusted operating profit of $1.13 per share, compared with analysts' estimate of 88 cents per share, according to data compiled by LSEG

** Expects annual net sales in the range of $17.2 billion to $17.6 billion, analysts' on average expect annual revenue of $17.33 billion

** Co reported Q1 sales of $4.42 billion, vs estimate of $4.54 billion

** Including session's moves, CTVA stock up 13.8% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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