Feb 3 (Reuters) – Agrichemicals company Corteva missed Wall Street estimates for fourth-quarter net sales on Tuesday, dragged by lower sales volumes in its crop protection and seed business, sending its shares down about 4% in extended trading.
Crop protection sales volume fell 2% on a seasonal shift in North America and timing of fungicide demand in Latin America, while seed volumes dropped 8% because of delayed North American shipments and farmers in Latin America ordered earlier ahead of their second planting season.
Declining crop prices, weakening demand and heightened geopolitical tensions have squeezed profitability across the agricultural supply chain, pressuring agribusiness companies like Corteva as the sector navigated a challenging end to 2025.
Quarterly net sales at its seeds segment fell 2% to $1.74 billion, while that at its crop protection segment declined 1% to $2.17 billion.
The Indianapolis-based firm reported net sales of $3.91 billion during the period. Analysts on average had estimated sales of $4.24 billion, according to data compiled by LSEG.
Corteva said it was on track to complete the separation of its seed and crop-protection businesses into two publicly traded companies, announced last year.
The company forecast full-year operating profit to be between $3.45 per share and $3.70 per share.
It expects the global crop protection industry to improve modestly with volume gains, more than offsetting ongoing pricing pressures in certain key regions including Latin America and Asia Pacific.
(Reporting by Sumit Saha in Bengaluru; Editing by Pooja Desai)
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