CF Industries (CF) Q1 Earnings Miss Estimates, Sales Beat
Zacks Investment Research | May 05, 2016 06:56AM ET
CF Industries (NYSE:CF) posted profit of $26 million or 11 cents per share in the first quarter of 2016, a roughly 88.7% plunge from $231 million or 96 cents per share recorded a year ago.
Barring one-time items, earnings were 40 cents per share for the quarter, down from 91 cents per share recorded a year ago. The figure also missed the Zacks Consensus Estimate of 51 cents.
Sales rose roughly 5.2% year over year to $1,004 million in the quarter, breezing past the Zacks Consensus Estimate of $815 million. The top line was supported by increased sales volume, including benefits from expanded capacity and the inclusion of CF Fertilizers UK, partly offset by lower pricing across all segments. Elevated supply in the global nitrogen market and weaker demand for ammonia globally pressured pricing in the quarter.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.