Stock Market News
Nutrien misses quarterly profit estimates
2023.05.10 18:10
© Reuters. FILE PHOTO: An interior view of the storage warehouse is seen at Nutrien’s Cory potash mine near Saskatoon, Saskatchewan, Canada August 12, 2019. REUTERS/Nayan Sthankiya
(Reuters) – Fertilizer maker Nutrien (NYSE:) Ltd on Wednesday reported a lower-than-expected profit in the first quarter due to a fall in sales as farmers delayed purchases due to high prices.
On an adjusted basis, the potash producer earned $1.11 per share in the three months ended March 31, compared with estimates of $1.47, according to Refinitiv data.
