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Agrium's Earnings and Sales Soar

10:30 AM MDT | August 3, 2012 | Lindsay Frost

Agrium reported net earnings of $860 million for the second quarter 2012, up 20% from the year-ago quarter. Adjusted earnings exclude a pre-tax gain of $3 million on natural gas and other hedge positions and a pre-tax share-based payment expense of $9 million, growing 17% to $1.2 billion. Earnings per share of $5.44/share beat analysts’ estimates of $5.22/share, according to Thompson Reuters (New York). Sales increased to $6.8 billion, up 10%. Agrium's second quarter results "have once again demonstrated the strength of our strategic position across...

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