04:47 PM EDT, 07/31/2024 (MT Newswires) -- Corteva ( CTVA ) reported Q2 operating earnings late Wednesday of $1.83 per share, up from $1.60 a year earlier.

Analysts polled by Capital IQ expected normalized earnings of $1.72.

Net sales for the quarter ended June 30 were $6.11 billion, up from $6.05 billion a year ago.

Analysts surveyed by Capital IQ expected $6.16 billion.

Corteva ( CTVA ) lowered its full-year operating earnings guidance to a range of $2.60 to $2.80 per share from $2.70 to $2.90 per share previously.

The company's revenue guidance was slashed to $17.2 billion to $17.5 billion from $17.4 billion to $17.7 billion previously.

Analysts surveyed by Capital IQ expect normalized earnings of $2.77 on revenue of $17.37 billion.

Meanwhile, the company said it appointed David Johnson as its new chief financial officer, starting Sept. 16.

Johnson will succeed Dave Anderson who is retiring in the first quarter of 2025, the company said. Until then, he will serve as an advisor to the chief executive of the company.

Johnson joins the company from Atkore where he also served as CFO.

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