Investing.com - CF Industries (NYSE:CF) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
CF Industries announced earnings per share of $-0.13 on revenue of $847M. Analysts polled by Investing.com anticipated EPS of $0.07 on revenue of $882.38M.
CF Industries shares are down 43% from the beginning of the year, still down 45.46% from its 52 week high of $48.88 set on December 27, 2019. They are under-performing the S&P 500 which is up 6.58% from the start of the year.
CF Industries follows other major Basic Materials sector earnings this month
CF Industries's report follows an earnings beat by Sherwin-Williams on October 27, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.79 on revenue of $5.07B.
Vale ADR had missed expectations on October 28 with third quarter EPS of $0.63 on revenue of $10.76B, compared to forecast for EPS of $0.64 on revenue of $10.81B.
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