CF Industries Reports Lower Q1 Profit Excluding Gain On Sale Of Phosphates

(RTTNews) - CF Industries Holdings, Inc. (CF) reported first-quarter net earnings to stockholders of $708.5 million or $12.90 per share, compared to $406.5 million or $6.47 per share, last year. Excluding the $461.0 million after-tax gain on sale of the phosphate business, earnings to stockholders was $247.5 million or $4.51 per share, for the qurter.

On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $4.54 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $1.13 billion from $1.34 billion. Analysts expected revenue of $1.19 billion for the quarter.