Corteva Shares Plunge 20% on First Earnings Since Breakup
Shares of pesticide maker Corteva fell about 20% after its first results since splitting off its seed business. The company is losing ground in Brazil.
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what happened
According to Dow Jones Newswires, Corteva's shares fell about 20% as investors grew skeptical of the company's prospects after last month's corporate split. Brazil, the company's second-largest market by sales after the U.S., is becoming a problem: rising costs and limited access to credit are pushing farmers toward cheaper generic chemicals. Latin America sales dropped 28% in the latest quarter. On the earnings call, analysts questioned whether Corteva should keep operating in Brazil at all. Chief Executive Luke Kissam said the company plans to cut costs and review its product lineup. "Everything's on the table," he said.
The crop-seed business was spun off as a new company, Vylor, whose stock rose slightly on Thursday after its quarterly results beat Wall Street expectations.
why it matters
The first report since the split is a test for investors: weak momentum in Brazil casts doubt on the crop-protection business, while Vylor's beat shows the seed business is performing better than expected.
market impact
Corteva: weak Latin America sales pressure the stock; Vylor: results above expectations support its shares
- Corteva shares pressure down — weak Latin America sales and doubts about the Brazil business
- Vylor shares pressure up — quarterly results above Wall Street expectations
tags
instruments
sources
- Pesticide Seller Corteva's Shares Tank in First Earnings Since Breakup — Dow Jones Newswires, 12 November 2026 at 17:53 UTC
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