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Chemical Week Magazine :: Business & Finance :: United States/Americas

Agrium Earnings Slip

7:25 AM MDT | May 11, 2012 | —Lindsay Frost

Agrium’s first-quarter 2012 net earnings slipped 9% year-on-year, to $155 million. Adjusted earnings were $210 million and exclude a pre-tax loss of $13 million on natural gas and other hedge positions, as well as a pre-tax share-based payment expense of $64-million. Earnings of 97 cts/share fell slightly below analysts’ estimates of 99 cts/share, as reported by Thomson Reuters (New York). The company’s net sales increased 22% year-on-year, to $3.6 billion. Sales are expected to increase in the next quarter, with the U.S. market a significant driver of crop...

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