CF: Q2 Earnings Snapshot
DEERFIELD, Ill. (AP) _ CF Industries Holdings Inc. (CF) on Monday reported second-quarter profit of $1.17 billion.
The Deerfield, Illinois-based company said it had net income of $5.58 per share. Earnings, adjusted for one-time gains and costs, were $6.19 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $6.06 per share.
The fertilizer maker posted revenue of $3.39 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.62 billion.
CF shares have climbed 33% since the beginning of the year, while the S&P’s 500 index has decreased 14%. In the final minutes of trading on Monday, shares hit $94.44, a climb of 100% in the last 12 months.