CALGARY, Alberta (AP) _ Agrium Inc. (AGU) on Monday reported a first-quarter loss of $11 million, after reporting a profit in the same period a year earlier.
The Calgary, Alberta-based company said it had a loss of 8 cents per share. Losses, adjusted for non-recurring costs, came to 3 cents per share.
The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 3 cents per share.
The agricultural products and services company posted revenue of $2.72 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.77 billion.
Agrium expects full-year earnings to be $4.75 to $5.75 per share.
Agrium shares have decreased almost 7 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $93.61, an increase of almost 9 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGU at https://www.zacks.com/ap/AGU
Keywords: Agrium, Earnings Report