Nutrien: 3Q Earnings Snapshot
SASKATOON, Saskatchewan (AP) _ Nutrien Ltd. (NTR) on Monday reported third-quarter net income of $141 million, after reporting a loss in the same period a year earlier.
The Saskatoon, Saskatchewan-based company said it had profit of 24 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The producer of potash and other fertilizers posted revenue of $4.13 billion in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $4.28 billion.
Nutrien expects full-year earnings in the range of $2.30 to $2.55 per share.
Nutrien shares have increased almost 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $49.22, a decrease of 11% in the last 12 months.