CF: Q4 Earnings Snapshot

DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — CF Industries Holdings Inc. (CF) on Wednesday reported fourth-quarter net income of $274 million.

The Deerfield, Illinois-based company said it had profit of $1.44 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.49 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.

The fertilizer maker posted revenue of $1.57 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $1.49 billion.

For the year, the company reported profit of $1.53 billion, or $7.87 per share. Revenue was reported as $6.63 billion.

CF shares have dropped slightly more than 2% since the beginning of the year, while the S&P's 500 index has climbed almost 5%. In the final minutes of trading on Wednesday, shares hit $77.58, a decline of slightly more than 9% 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