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CF Industries' sales, earnings down

10:23 AM MDT | August 7, 2014 | Lindsay Frost

CF Industries says net earnings of $312.6 million for the second quarter were down 37% year-over-year (YOY) on sales of $1.5 billion down 12% YOY. Earnings per share of $6.10/share were below analyst consensus of $6.71/share, according to Thomson Reuters (New York).  Second quarter 2014 results included non-cash pre-tax net mark-to-market losses on natural gas derivatives, pre-tax losses on foreign currency derivatives and expenses related to the capacity expansion projects, the company says. Results also included idle plant costs associated with unscheduled...

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