IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Agrium Increases Second Quarter Guidance

9:46 AM MDT | July 18, 2012 | Rebecca Coons

Agrium increased its second quarter earnings outlook 15% due to “excellent” results across its crop input business in June, despite the early planting season. The company expects second quarter earnings in the range of $5.40-$5.50/share, excluding hedging gains or losses and other expenses. A consensus of analyst estimates for Mosaic’s quarter ended June 30, 2012 are for $4.75/share, as reported by Thomson Reuters (New York). The company reported net earnings of $4.54/share in its 2011 second quarter. "The outlook remains very positive...

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