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CF beats 4Q profit forecasts

DEERFIELD, Ill. (AP) _ CF Industries Holdings Inc. (CF) on Wednesday reported fourth-quarter net income of $465 million, after reporting a loss in the same period a year earlier.

The Deerfield, Illinois-based company said it had net income of $1.98 per share. Losses, adjusted for one-time gains and costs, were 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The fertilizer maker posted revenue of $1.1 billion in the period.

For the year, the company reported net income of $358 million, or $1.53 per share, swinging to a profit in the period. Revenue was reported as $4.13 billion.

CF shares have decreased roughly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 1 percent. In the final minutes of trading on Wednesday, shares hit $39.66, a rise of 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 CF at https://www.zacks.com/ap/CF