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Agrium's Earnings Rise on Higher Sales, Stronger Demand

9:02 AM MDT | May 4, 2011 | Lindsey Bewley

Agrium reported first-quarter net income of $171 million, compared to a net loss of $1 million in the year-ago quarter. Earnings per share of $1.09/share beat Wall Street estimates of 91 cts/share, as reported by Thomson One (New York). Sales were up 60% from the year-ago period, to $2.95 billion.   Net earnings from continuing operations, which exclude earnings associated with AWB Limited Commodity Management business, which is under a definitive sales agreement to Cargill, were $160 million. First quarter results also include a pre-tax share-based payment...

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