18 July 2012 14:01 [Source: ICIS news]
TORONTO (ICIS)--Agrium has raised its second-quarter earnings per share guidance by about 15% to $5.40-5.50 as its business saw strong demand throughout June, the Canada-based fertilizer firm said on Wednesday.
"The increase in expected earnings is due to excellent results across our entire crop input business, resulting from the continuation of robust demand through June, despite the very early start to the spring season,” said CEO Mike Wilson.
“The outlook remains very positive, supported by the significant increase in grain and oilseed prices globally due to adverse weather in the ?xml:namespace>
First-half earnings per share are expected to come in at $6.72-6.82. The estimate excludes hedging gains or losses and share-based payments expenses in Agrium’s actual first-quarter and estimated second-quarter results, it said.
Agrium will release results for the second quarter ended 30 June on 2 August.
($1 = €0.81)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections