Corteva falls after cutting annual profit forecast on Brazil challenges

** Shares of agriscience firm Corteva CTVA.N fall 9.7% to $11 premarket

** Co slashes FY26 adj. EPS forecast to 76 cents - 80 cents, below analyst expectations of $1.64 and down from the prior range of $3.60 - $3.80

** Downbeat results driven by challenges in Brazil, including elevated inventory, delayed purchases and high interest rates, leading to a 31% decline in Latin America organic sales - CVTA

** Co reports Q3 revenue and adj. EPS of $1.59 bln and 6 cents, both missing analysts' estimates of $1.76 bln and 10 cents, according to data compiled by LSEG

** 16 of 23 brokerages rate the stock "buy" or higher and seven "hold"; median PT is $17 - LSEG

** As of last close, up 20.7% YTD