Agrium Misses Analyst Expectations

Bloomberg reported that Agrium’s third quarter profits and reveunes fell short of analysts’ expectations.

As quoted in the market report:

Profit excluding environmental-remediation and plant- closure costs was $1.34 a share, Calgary-based Agrium said today in a statement, missing the $1.81 average of 24 estimates compiled by Bloomberg. Sales dropped to $2.96 billion from $3.14 billion, less than the $3.09 billion average of 17 estimates. The shares fell the most in three years in Toronto.

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