Nutrien forecasts 2020 revenue under estimate on weak potash demand

Nutrien forecasts 2020 revenue under estimate on weak potash demand

Compares forecast with estimate, background

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Compares forecast with estimate, background

Feb 18 (Reuters)Canadian fertilizer maker Nutrien Ltd NTR.TO on Tuesday reported a smaller-than-expected quarterly revenue and forecast full-year earnings under analysts’ estimates on weak international demand for fertilizers and decrease potash costs.

Nutrien mentioned it expects adjusted earnings of $1.90 per share to $2.60 per share, under analysts’ expectations of $2.73 per share.

Demand for fertilizers has been hit by a mixture of things together with the influence of a drawn-out U.S.-China commerce struggle and a particularly chilly winter in North America that has delayed planting.

That had compelled Nutrien to considerably reduce on potash manufacturing and prolong the shutdown of its Vanscoy mine in Canada by way of the tip of January.

The corporate, nevertheless, mentioned the current progress in commerce relations between the world’s two largest economies has led to optimistic sentiment amongst U.S. growers as agricultural…



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