Corteva (CTVA) Revenue — Quarter Ended Sep 30, 2024
Revenue declined sharply in the current quarter. The decrease was steeper than both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined sharply in the current quarter. The decrease was steeper than both the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
-61.9%
Change from the immediately preceding quarter.
Year-over-year
-10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.6B
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, 2023 | $3.7B | -3.1% |
| Mar 31, 2024 | $4.5B | -8.0% |
| Jun 30, 2024 | $6.1B | +1.1% |
| Sep 30, 2024 | $2.3B | -10.2% |
Revenue performance
The reported revenue moved lower compared to the immediately preceding quarter. The decline also exceeded the year-over-year decrease.
Quarterly comparison
Revenue fell from the prior quarter and was also down from the same quarter one year earlier. The sequential drop was notably larger than the annual decline.
What to watch
The magnitude of the sequential revenue decline warrants attention in the next filing.