Agrium Blows Away Estimates And Offers Guidance

Agrium (NYSE:AGU) reported Q1 EPS of $1.32, surpassing estimates of $1.04. The company reported Q1 revenues of $3.63 billion, also well above estimates of $2.99 billion. The company sees first half EPS of $5.50 – $6.10, vs. estimates of $5.78, which may not be comparable, but also sees wholesale realized nutrient prices in the second quarter slightly higher for nitrogen, potash and slightly lower for phosphate vs. prices in the year-ago quarter. The company expects slightly lower wholesale fertilizer sales volumes in the second quarter, vs. year over year for nitrogen and potash.But, depute beating estimates, the fertilizer company still said its earnings were down 9%, making investors sell off. Currently, shares are down over 2 and a half percent to $82.43.

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