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Agrium Earnings Slip

10:22 AM MDT | May 9, 2012 | Lindsay Frost

Agrium's first-quarter 2012 net earnings slipped 9% year-on-year, to $155 million.  Adjusted earnings were $210 million and exclude a pre-tax loss of $13 million on natural gas and other hedge positions and a pre-tax share-based payment expense of $64-million. Earnings of 97 cts/share fell slightly below analysts’ estimates of 99 cts/share, according to Thomson Reuters (New York). The company’s net sales increased 22% year-on-year, to $3.6 billion. Sales are expected to increase throughout the next quarter with the U.S. market being a significant...

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