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Stock impact report

Nutrien shares rise despite fourth-quarter earnings miss [Business News Network (BNN) Energy & Resources (Canada)]

Nutrien Ltd. Common Shares (NTR) 
Last nutrien ltd. common shares earnings: 2/18 05:24 pm Check Earnings Report
US:NYSE Investor Relations: nutrien.com/investors
Nutrien shares rise despite fourth-quarter earnings miss CALGARY — Shares in Nutrien Ltd. rose by as much as 3.6 per cent on Wednesday after it reported fourth-quarter income that fell short of analyst expectations. The Saskatoon-based fertilizer company, which reports its financial results in U.S. dollars, said it lost US$48 million or eight cents per share on revenue of $3.44 billion in the three months ended Dec. 31. Excluding one-time items, adjusted net income was US$54 million or nine cents a share. Analysts had expected US$145 million and 26 cents in adjusted net income on revenue of $3.34 billion, according to financial markets data firm Refinitiv. CEO Chuck Magro said the company's results were stable despite a "very tough agriculture market," which included a $10-million earnings hit blamed on the week-long Canadian National Railway Co. strike in November. Nutrien reported that adjusted earnings from its potash operations dropped 62 per cent compared with the fourth quarter Show less Read more
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