Corteva (CTVA) Revenue — Quarter Ended Dec 31, 2023
Revenue rose sharply from the previous quarter, but fell compared with the same quarter last year. The sequential increase reversed a decline in the prior period.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue rose sharply from the previous quarter, but fell compared with the same quarter last year. The sequential increase reversed a decline in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+43.1%
Change from the immediately preceding quarter.
Year-over-year
-3.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.2B
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 |
|---|---|---|
| Mar 31, 2023 | $4.9B | +6.2% |
| Jun 30, 2023 | $6B | -3.3% |
| Sep 30, 2023 | $2.6B | -6.7% |
| Dec 31, 2023 | $3.7B | -3.1% |
Revenue performance
The reported revenue increased sequentially, marking a notable recovery from the preceding quarter's level. However, on a year-over-year basis, revenue declined.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose by a substantial percentage. Compared to the same quarter one year earlier, revenue decreased by a modest percentage.
What to watch
The year-over-year decline, despite the strong sequential rebound, suggests continued monitoring of the revenue trend is appropriate.