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CF
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CF Industries : reports 4Q loss

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02/15/2017 | 11:50 pm

DEERFIELD, Ill. (AP) _ CF Industries Holdings Inc. (CF) on Wednesday reported a fourth-quarter loss of $320 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Deerfield, Illinois-based company said it had a loss of $1.37. Losses, adjusted for one-time gains and costs, were 39 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The fertilizer maker posted revenue of $867 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $905.6 million.

For the year, the company reported a loss of $277 million, or $1.19 per share, swinging to a loss in the period. Revenue was reported as $3.69 billion.

CF shares have risen roughly 10 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 5 percent. In the final minutes of trading on Wednesday, shares hit $34.49, an increase of 11 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

Keywords: CF Industries, Earnings Report

Automated Insights, source Associated Press News

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