💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Agrium Q3 adj. loss per share $0.23

Published 2017-11-07, 06:28 p/m
© Reuters.  BRIEF-Agrium Q3 adj. loss per share $0.23
AGU
-

Nov 7 (Reuters) - Agrium Inc AGU.TO :

* Agrium reports third quarter results

* Sees FY 2017 earnings per share $4.65 to $4.80 from continuing operations

* Q3 loss per share $0.52 from continuing operations

* Qtrly retail reported sales $2,067 million versus $1,857 million

* Qtrly sales $2,382 million versus $2,192 million

* Qtrly adjusted loss per share $0.23

* Updated Retail EBITDA range between $1.160 billion to $1.190 billion for 2017

* Estimate for Retail Crop Nutrient sales volumes has been reduced to between 9.9 million and 10.2 million tonnes in 2017

* Reduced annual guidance range to reflect lost production volumes in Q3, impact of challenging weather conditions on retail operations

* Qtrly results were impacted by summer maintenance schedule, extreme dry weather in Canada and Australia and hurricanes in southern U.S.

* Total capital expenditures in 2017 are expected to be in range of $650 million to $700 million

* Qtrly wholesale sales $443 million versus $445 million

* Revised expected potash production range for 2017 to between 2.4 and 2.5 million tonnes.

* Looking at fall season and into 2018, see solid grower demand for fertilizer and other crop inputs

* Qtrly nitrogen sales volumes of 668,000 tonnes versus 739,000 tonnes last year

* Updating 2017 nitrogen production range to between 3.3 and 3.4 million tonnes

* Qtrly potash sales volumes of 462

,000 tonnes versus 496,000 tonnes last year

* FY2017 earnings per share view $4.91 -- Thomson Reuters I/B/E/S

* Q3 earnings per share view $-0.05, revenue view $2.37 billion -- Thomson Reuters I/B/E/S

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.