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Nutrien raises its full-year earnings forecast as company gets boost from surging fertilizer prices

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Nutrien expects 2022 adjusted earnings of $16.20 to $18.70 per share, compared with its previous forecast of $10.20 to $11.80 per share

Net earnings rose to $1.39-billion, or $2.49 per share, in the quarter ended March 31 from $133-million, or 22 cents per share, a year earlier.Earlier, rival Mosaic Co, the world’s largest producer of finished phosphate products, posted a more than sevenfold surge in quarterly profit that narrowly beat estimates.

Mosaic said its potash and phosphate shipments were delayed by poor rail performance, adding that rail cycle times would not likely recover to normal levels until the second half of 2022.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.

 

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