Corteva reported third-quarter revenue of $1.59 billion, below Wall Street estimates of $1.77 billion, as deteriorating agricultural market conditions in Brazil weighed on sales. Organic sales in Latin America fell 31%, while sales grew 7% in North America, 14% in Europe, the Middle East and Africa, and 5% in Asia Pacific. Adjusted operating EBITDA declined 17% to $222 million, with margins falling 140 basis points to 14%. The company cut its full-year adjusted operating EBITDA forecast to between $1.1 billion and $1.125 billion, down from approximately $1.3 billion, and now expects adjusted earnings of $0.76 to $0.80 per share. Shares plunged more than 20% after the results, and the company said excess inventories in Brazil are expected to reduce 2026 operating profit by approximately $100 million.
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