Corteva rises on Q1 profit beat, upbeat annual sales forecast

Shares of agrichemicals firm Corteva CTVA.N rise 4.2% to $65.42

CTVA late on Wednesday posted Q1 adjusted operating profit of $1.13 per share, compared with analysts' estimate of 88 cents per share, according to data compiled by LSEG

Expects annual net sales in the range of $17.2 billion to $17.6 billion, analysts' on average expect annual revenue of $17.33 billion

Co reported Q1 sales of $4.42 billion, vs estimate of $4.54 billion

Including session's moves, CTVA stock up 13.8% YTD