Nutrien: 2Q Earnings Snapshot
SASKATOON, Saskatchewan (AP) _ Nutrien Ltd. (NTR) on Monday reported second-quarter profit of $858 million.
On a per-share basis, the Saskatoon, Saskatchewan-based company said it had profit of $1.47. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.58 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The producer of potash and other fertilizers posted revenue of $8.66 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $8.61 billion.
Nutrien expects full-year earnings in the range of $2.70 to $3 per share.
Nutrien shares have risen nearly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.57, a fall of 6% in the last 12 months.