Aug 6 (Reuters) - U.S. agrichemicals company Corteva ( CTVA )
raised its annual adjusted profit forecast on
Wednesday, following strong performance in the first half of the
year.
Reuters had reported in May that U.S. farmers have hit very
few snags with corn planting this spring, and the foreseeable
future is barrier-free.
Corteva's ( CTVA ) net sales rose 5.6% to $6.46 billion during the
second quarter, driven by higher sales in all its regions.
The company is among the largest crop-protection product
makers in the United States, competing with the likes of
Syngenta and German firms BASF and Bayer
in the agricultural chemicals sector.
The company raised its forecast for full-year adjusted
earnings to be between $3.00 to $3.20 per share, from a prior
view of $2.70 to $2.95 per share.