CF Industries earnings, Revenue beat in Q1

  • Investing.com
CF Industries earnings, Revenue beat in Q1
Credit: © Reuters.

Investing.com - CF Industries reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

CF Industries announced earnings per share of $0.31 on revenue of $971M. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $924.83M. That with comparison to EPS of $0.42 on revenue of $1B in the same period a year before.CF Industries had reported EPS of $0.24 on revenue of $1.05B in the previous quarter.Analysts are expecting EPS of $0.81 and revenue of $1.24B in the upcoming quarter.

CF Industries shares are down 44% from the beginning of the year and are trading at $26.27 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.21% year to date.

CF Industries follows other major Basic Materials sector earnings this month

CF Industries's report follows an earnings missed by Newmont Goldcorp on Tuesday, who reported EPS of $0.4 on revenue of $2.58B, compared to forecasts EPS of $0.42 on revenue of $2.71B.

Air Products had missed expectations on Thursday, April 23, 2020 with second quarter EPS of $2.04 on revenue of $2.22B, compared to forecast for EPS of $2.08 on revenue of $2.16B.

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