Fertilizer maker CF Industries Holdings, Inc. (CF) late Monday posted a sharp uptick in third quarter earnings results, aided by one-time gains amid lower revenue.
The Deerfiled, IL-based company reported third quarter net income of $403.3 million, or $6.35 per share, compared with $330.9 million, or $4.73 per share, in the year-ago period. Excluding one-time items, adjusted profit was $5.45 per share.
Revenue fell 3% from last year to $1.36 billion.
On average, Wall Street analysts expected a higher profit of $5.70 per share, albeit on slightly lower revenue of $1.35 billion.
CF Industries shares were mostly flat in premarket trading Tuesday.
The Bottom Line
Shares of CF Industries (CF) have a .78% dividend yield, based on last night’s closing stock price of $205.48. The stock has technical support in the $191-$194 price area. The stock is trading within distance of the all-time high levels of $224-$227 a share.
CF Industries Holdings, Inc. (CF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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