Nutrien misses third-quarter profit estimates [Yahoo! Finance Canada]
Nutrien Ltd. Common Shares (NTR)
Last nutrien ltd. common shares earnings: 2/18 05:24 pm
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Source: Yahoo! Finance Canada
Farmers tend to curb spending on items such as fertilizers to rein in costs. In Brazil, which is one of the top fertilizer importers in the world, weak crop prices, higher costs and market volatility continued to put pressure on margins for producers. The company's total sales came in at $5.35 billion for the three months ended Sept. 30, 5% lower compared to the same reporting period last year. Adjusted core profit in Nutrien's retail segment, its largest by revenue, came in at $151 million for the July-September quarter, compared to $197 million in the year-ago period. The Saskatoon, Canada based firm posted an adjusted profit of 39 cents per share for the three months ended Sept. 30, compared with analyst's estimates of 46 cents per share, according to data compiled by LSEG. (Reporting by Vallari Srivastava in Bengaluru; Editing by Maju Samuel) Recommended Stories
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