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CF Industries Holdings Inc. Profit Drops In Q1, but beats estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

CF Industries Holdings Inc. (CF) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $560 million, or $2.85 per share. This compares with $883 million, or $4.21 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 30.0% to $2.01 billion from $2.87 billion last year.

CF Industries Holdings Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $560 Mln. vs. $883 Mln. last year.
-EPS (Q1): $2.85 vs. $4.21 last year.
-Analyst Estimates: $2.51
-Revenue (Q1): $2.01 Bln vs. $2.87 Bln last year.

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