Updates with particulars on the outcomes
Aug 9 (Reuters) – Canadian fertilizer firm Nutrien Ltd NTR.TO on Monday raised its full-year adjusted revenue outlook on the again of sturdy world demand for crop vitamins.
Crop costs proceed to be supported by sturdy demand and fewer than anticipated provide, leading to traditionally low world stock and robust grower margins, Nutrien stated in an announcement.
“We count on these market fundamentals to proceed past this season and be supportive of crop costs and grower margins into 2022,” it added.
The Saskatoon, Saskatchewan-based firm now expects adjusted web earnings per share outlook to be between $4.60 and $5.10 for the 12 months, from a previous forecast of $2.55 to $3.25.
Analysts, on common, have been anticipating $3.93 per share for full-year 2021, in line with Refinitiv IBES knowledge.
Nutrien additionally stated web earnings rose to $1.11 billion, or $1.94 per share, for the three months ended June 30, from $765 million, or $1.34 per share, a 12 months earlier.
(Reporting by Arunima Kumar in Bengaluru; Modifying by Shailesh Kuber)
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