Markets

Agrium Up More Than 1% in U.S. Premarket on Q1 Result

Canadian farm retailer and potash miner Agrium Inc (AGU.TO) is up more than 1% in U.S. premarket trading after posting consolidated quarterly net income of $171 million or $1.09 per share, compared with a net loss of $1 million or 1 cent a share in the previous corresponding period.

Excluding a pre-tax share-based payment expense and a pre-tax gain, its profit was $1.03 a share. Sales rose 60% to $2.95 billion.

Analysts on average had forecast earnings of 92 cents a share on revenue of $2.35 billion, according to Thomson Reuters I/B/E/S.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More