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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:53 EDTAGU, POT, MOSAgrium slips after warning on late planting season impact on earnings
Shares of agricultural nutrients producer Agrium (AGU) are slipping after the company warned that it expects first quarter earnings per share just above breakeven. WHAT'S NEW. Agrium announced that the late spring season this year is expected to result in first quarter earnings per share just above breakeven, while analysts' consensus estimate prior to the announcement stood at 53c per share. The company said the slow start to the spring season is expected to impact the timing of its wholesale, and to a lesser extent its retail, earnings. First quarter wholesale results were also impacted by reduced rail availability and the usual lag in realized wholesale nutrient prices, Agrium added. Additionally, the Carseland nitrogen facility experienced a failure in March, which has resulted in an unplanned shutdown to make repairs that are expected to be complete in the second half of May. The shutdown is anticipated to lower product availability of urea by approximately 100,000 tonnes and ammonia by approximately 20,000 tonnes in the second quarter, Agrium noted. WHAT'S NOTABLE: On February 20, Agrium said that it expected FY14 North American spring crop area to be near FY13. It said that it projected crop nutrient shipments to be strong in the first half of FY14, in part due to a shorter fall application season in FY13 due to weather. Agrium projected North American nitrogen demand to decline about 2%-4% in FY13/FY14 due primarily to reduced corn acreage, while global nitrogen demand is projected to increase by 1.5%-2% in FY14 from FY13 levels. OTHERS TO WATCH: Agrium's peers in the fertilizer industry include Mosaic (MOS) and Potash (POT). PRICE ACTION: During morning trading, shares of Agrium fell 1.76% to $95.80, Potash dropped 1.6%, and Mosaic slipped 0.7%.
News For AGU;MOS;POT From The Last 14 Days
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February 26, 2015
08:36 EDTAGUAgrium management to meet with
Meetings to be held in Los Angeles/Pasadena on February 26 hosted by UBS.
February 25, 2015
08:28 EDTAGUAgrium price target raised to $140 from $126 at Susquehanna
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07:33 EDTAGUAgrium price target raised to $131 from $110 at Credit Suisse
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07:23 EDTAGUBofA/Merrill to hold a conference
Global Agriculture Conference 2015 is being held in Ft Lauderdale, FL on February 25-26.
February 24, 2015
07:08 EDTAGUAgrium management to meet with UBS
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February 23, 2015
19:03 EDTAGUAgrium sees FY15 EPS $7.00-$8.50, consensus $7.55
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19:01 EDTAGUAgrium reports Q4 ex-items EPS 77c, consensus 60c
Reports Q4 revenue $2.71B, consensus $2.96B.
15:23 EDTAGUNotable companies reporting after market close
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07:40 EDTMOS, POTBMO Capital to hold a conference
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