The Wilmington, Del., company, formerly the agricultural unit of DowDuPont, reported second-quarter net income fell to $470 million, or 63 cents a share, from $963 million, or $1.29, in the year-earlier period. Adjusted earnings were $1.43 a share.
Net sales for the quarter fell 3.1% to $5.56 billion.
The results exceeded Wall Street's expectations of earnings of 99 cents a share on revenue of $5.53 billion.
This is Corteva's first quarterly release as a stand-alone company.
On June 1, Corteva became a pure-play agriculture company, "during an extraordinary period in our industry," Chief Executive Jim Collins said in a statement.
He added that Corteva is "delivering on our cost-synergy targets, with an additional $200 million realized in the first half."
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