CF: 1Q Earnings Snapshot

CF: 1Q Earnings Snapshot

Associated Press
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DEERFIELD, Ill. (AP) _ CF Industries Holdings Inc. (CF) on Wednesday reported first-quarter net income of $90 million.

The Deerfield, Illinois-based company said it had net income of 40 cents per share. Earnings, adjusted for pretax gains, were 27 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The fertilizer maker posted revenue of $1 billion in the period.

CF shares have fallen slightly since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. In the final minutes of trading on Wednesday, shares hit $43.33, a rise of 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CF at https://www.zacks.com/ap/CF

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