Nutrien earnings down 71% in first quarter as lower fertilizer selling prices bite

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 67 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 63%

SASKATOON — Nutrien Ltd. News

Net Earnings

SASKATOON — Nutrien Ltd. says it earned US$165 million in its first quarter, down 71 per cent from US$576 million a year earlier. The Saskatoon-based company...

SASKATOON — Nutrien Ltd. says it earned US$165 million in its first quarter, down 71 per cent from US$576 million a year earlier.

The Saskatoon-based company says its sales totalled US$5.4 billion, down 12 per cent from US$6.1 billion during the same quarter last year.Nutrien says its lower earnings were primarily due to lower net fertilizer selling prices. However, it says that was partially offset by increased retail earnings, higher fertilizer sales volumes and lower natural gas costs.

President and CEO Ken Seitz says the company is maintaining its guidance for the full financial year and it expects growth in retail earnings and fertilizer sales volumes.In this article, we discuss the 10 companies to consider in the portfolio of Kevin O’Leary for 2024. If you want to skip our overview of O’Leary’s investment philosophy and learn about some more companies in his stock portfolio, go directly to Kevin O’Leary’s Stock Portfolio: 5 Stock Picks for 2024.

Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager saysKnown as the Oracle of Omaha, Warren Buffett is one of the most successful investors of all time. He started his first investment partnership in 1956 with a few friends and family. An investment in...The "Magnificent Seven" stocks are certainly impressive, but they're also pricey. Which is why this tech stock is a far better option.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines