Agricultural products producer Agrium Inc has reported headline earnings for the three months ended December 31 that beat market expectations convincingly. However, its earnings forecast for full-year 2016 came in below expectations and weighed on its share price performance on Tuesday.
The Calgary, Alberta-based producer of nitrogen, potash and phosphate fertilisers reported adjusted net earnings of $209-million, or $1.52 a share, beating Wall Street analyst expectations of $1.38 a share. For the full year, Agrium reported adjusted earnings of $1.02-billion, or $7.25 a share, compared with analyst expectations of $7.01 a share.
