NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — CF Industries Holdings Inc. (CF) on Wednesday reported first-quarter net income of $615 million.
On a per-share basis, the Northbrook, Illinois-based company said it had net income of $3.98. Earnings, adjusted for non-recurring gains, were $2.89 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.43 per share.
The fertilizer maker posted revenue of $1.99 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.77 billion.
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