CF: 2Q Earnings Snapshot
DEERFIELD, Ill. (AP) _ CF Industries Holdings Inc. (CF) on Wednesday reported second-quarter earnings of $283 million.
The Deerfield, Illinois-based company said it had profit of $1.28 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The fertilizer maker posted revenue of $1.5 billion in the period.
CF shares have increased 14% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. In the final minutes of trading on Wednesday, shares hit $49.57, a rise of 12% in the last 12 months.