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Corteva profit, revenue fall on lower sales of corn seeds, fungicides

Corteva Inc reported a drop in quarterly revenue and operating profit as some corn seed sales had shifted to the first quarter and due to lower demand for its insecticides and pesticides in Latin America.

Aug 5 (Reuters) - Corteva Inc CTVA.N reported a drop in quarterly revenue and operating profit as some corn seed sales had shifted to the first quarter and due to lower demand for its insecticides and pesticides in Latin America.

Operating earnings fell to $944 million, or $1.26 per share, in the second quarter ended June 30, from $1.06 billion, or $1.42 per share, a year earlier.

Net sales fell 6.6% to $5.19 billion.

(Reporting by Arathy S Nair in Bengaluru; Editing by Sriraj Kalluvila)

((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726); Twitter: https://twitter.com/ArathySom;))

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