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Agrium reports 3Q loss

CALGARY, Alberta (AP) _ Agrium Inc. (AGU) on Tuesday reported a loss of $251 million in its third quarter.

On a per-share basis, the Calgary, Alberta-based company said it had a loss of $1.84. Losses, adjusted to account for discontinued operations and non-recurring costs, came to 23 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The agricultural products and services company posted revenue of $2.38 billion in the period.

Agrium expects full-year earnings to be $4.65 to $4.80 per share.

Agrium shares have increased roughly 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $107.22, a climb of 16 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