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Agrium lowers fourth-quarter 2013 projections on weak wholesale sales

8:23 AM MST | January 21, 2014 | Lindsay Frost

Agrium announced fourth-quarter 2013 earnings projections today, saying operating earnings are expected to be at the bottom of a previously announced range of 80 cts–$1.25/share. Fourth-quarter earnings should be released on 20 February. The company says it is updating its guidance primarily because of lower-than-expected sales across its wholesale segment and lower-than-expected urea ammonium nitrate and domestic potash sales volumes, partly due to challenges with domestic rail shipments. However, the company says, its retail segment—which comprises...

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