August 15, 2019 / 1:28 PM / 4 days ago

REFILE-Corteva forecasts higher revenue growth for 2020 and beyond

(Corrects paragraph 2 to say crop protection business, not pesticide business)

Aug 15 (Reuters) - Corteva Inc on Thursday raised its revenue growth forecast for 2020 and beyond to a range of 4% to 6%, citing expectations of higher pesticide sales.

The company, which had earlier forecast overall revenue growth of 3% to 5%, also raised its revenue growth forecast for its crop protection business to a range of 5% to 7% from a range of 3.5% to 6.5%.

Corteva also provided full-year operating earnings forecast of between $1.06 and $1.31 per share, while affirming its net sales and adjusted core earnings forecast for 2019. (Reporting by Shanti S Nair and Nishara Karuvalli Pathikkal in Bengaluru; Editing by Anil D'Silva)

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