CF Industries sees 61% decrease in Q1 profit

04/27/2009 | Forbes

Fertilizer maker CF Industries reported first-quarter earnings of $62.7 million, or $1.28 per share, compared with $158.8 million, or $2.76 per share, in the same period a year ago. The earnings represent a 61% decrease from year-ago figures and come despite a 2% increase in revenue, from $667.3 million to $680.6 million. Analysts had expected revenue of $478.7 million.

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