CF Industries Misses Estimates, Shares Fall (CF)

CF Industries Holdings, Inc. CF late on Thursday released financial results that failed to meet Wall Street expectations. CF Industries Holdings, Inc reported 3rd quarter adjusted earnings of $1.10 per share, on revenue of $917.1 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of $1.43 per share, on revenue of $979.66 million. Chairman and chief executive officer Stephen R. Wilson said, “Nitrogen volumes in the third quarter benefited from an increase in winter wheat plantings in reaction to weather-related supply shortfalls in Russia and other eastern European countries. CF Industries Holdings, Inc. “Forward demand was and continues to be very strong as customers prepare for a long fall application window and higher planted acreage for corn in the spring.” CF Industries Holdings, Inc. (CF) ended the Thursday trading session at $121.19 per share, then fell 4.3% to $116.00 during after hours trading. Analysts covering the company's stock have a consensus price target of $124.31 per share. Read more from Benzinga's Company news.