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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
CF Industries reports earnings slump
3:48 PM MST | November 4, 2013 | Lindsay Frost
CF Industries today reported third-quarter net income down 41% year-over-year (YOY), to $234.1 million. Earnings per share of $4.07/share were higher than analyst estimates of $4.00/share, according to Thomson Reuters (New York). Revenue of $1.1 billion dropped 15% YOY. The company says results include pretax unrealized losses on natural gas derivatives and pre-tax gains on foreign currency derivatives. Revenue and earnings decreased from prior year levels due to lower selling prices reflecting weakness in global fertilizer markets and buyer expectations of even...
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