CF Industries Holdings Earnings: Here’s Why Shares are Down Now

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CF Industries Holdings, Inc. (NYSE:CF) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.34%.

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CF Industries Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.79% to $7.40 in the quarter versus EPS of $7.13 in the year-earlier quarter.

Revenue: Decreased 13.82% to $1.48 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CF Industries Holdings, Inc. reported adjusted EPS income of $7.40 per share. By that measure, the company beat the mean analyst estimate of $6.97. It missed the average revenue estimate of $1.59 billion.

Quoting Management:“With a strong ammonia market, favorable natural gas costs and excellent execution, we again achieved record earnings for a quarter,” said Stephen R. Wilson, chairman and chief executive officer, CF Industries Holdings, Inc. “Economics for North American corn farmers are exceptionally attractive, and this led to robust demand for nitrogen products, especially ammonia. As the leading domestic producer of nitrogen plant nutrients, CF Industries has responded to this demand, meeting our customers’ needs and delivering strong results for our shareholders.”

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