SASKATOON, Saskatchewan (AP) — SASKATOON, Saskatchewan (AP) — Nutrien Ltd. (NTR) on Wednesday reported first-quarter net income of $571 million.
On a per-share basis, the Saskatoon, Saskatchewan-based company said it had profit of $1.14. Earnings, adjusted for non-recurring gains, came to $1.11 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The producer of potash and other fertilizers posted revenue of $6.11 billion in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $6.67 billion.
Nutrien expects full-year earnings in the range of $5.50 to $7.50 per share.
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