Corteva (CTVA) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the reporting quarter. The decrease was observed both sequentially and compared to the same period last year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the reporting quarter. The decrease was observed both sequentially and compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-57.2%
Change from the immediately preceding quarter.
Year-over-year
-6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $3.8B | +9.9% |
| Mar 31, 2023 | $4.9B | +6.2% |
| Jun 30, 2023 | $6B | -3.3% |
| Sep 30, 2023 | $2.6B | -6.7% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter. It also fell short of the figure from the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue decreased significantly. On a year-over-year basis, revenue also declined, though by a smaller magnitude.
What to watch
The sharp sequential decline in revenue may warrant attention in subsequent quarters.