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Corteva Stock Plunges 19% After Earnings Miss
Why is Corteva stock down today?
Corteva (CTVA) stock fell about 19% to $9.87 on Thursday after weak Brazil sales caused a third-quarter earnings miss and a cut to its 2026 profit forecast.
Key numbers
| Q3 sales | $1.59B-9% YoY |
|---|---|
| Sales estimate | $1.77BMissed by ~10% (Reuters cites $1.76B) |
| Q3 operating EBITDA | $222M-17% YoY |
| Q3 operating EPS | $0.06vs $0.10 expected |
| 2026 operating EBITDA outlook | $1.1B–$1.125Bvs $1.82B prior analyst estimate |
| Latin America organic sales | -31%Brazil weakest |
What happened
Corteva (CTVA) stock fell about 19% to $9.87 on Thursday after weak Brazil sales caused a third-quarter earnings miss and a cut to its 2026 profit forecast. Sales for the three months to September 30 fell 9% from a year ago to $1.59 billion, below the roughly $1.77 billion analysts expected. Farmers in Brazil are short on cash and face high borrowing costs, so demand was weaker and prices came under pressure; sales in Latin America fell 31%. The company now expects 2026 profit of $0.76 to $0.80 per share. The stock was down as much as 23% earlier in the day.
Why it matters
Corteva makes crop protection products such as weed and insect killers, and this was its first report as a stand-alone company after spinning off its seed business, now called Vylor. The weak quarter and lower forecast show that farm spending in Brazil, a major crop-growing country, is tighter than expected. It is also a reminder that a newly separated company can swing sharply when demand turns.
Who this affects
- MarketbearishMedium impact
- Ag-chemical investors see a negative demand signal from Brazil.
- CompanybearishHigh impact
- Corteva shareholders took a sharp loss; profit outlook lowered.
- CompetitorsbearishMedium impact
- FMC shares also fell 8.5% on Thursday.
- IndustrybearishMedium impact
- Brazil crop-protection demand and prices look weaker than expected.
Corteva vs FMC, Vylor
How we got here
Corteva reports Q3 results and lowers its 2026 profit guidance.
Shares drop to a one-year low, down as much as 23% intraday.
What to watch
- Signs Brazil farmer cash and borrowing pressures are easing for crop protection demandQ4 2026
- Analyst estimate changes and Corteva's full-year 2026 results and 2027 outlook2027-02
Educational content only. Not investment advice.
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