Nutrien Misses Wall Street Targets in Q4
Nutrien Ltd. (NTR) reported a fourth-quarter net income of $113 million, below analysts' estimates. Earnings per share were 23 cents, while adjusted earnings were 31 cents per share. Revenue reached $5.08 billion, also falling short of expectations.
For the full year, Nutrien reported a profit of $674 million, or $1.36 per share, on revenue of $25.97 billion.
Despite the earnings miss, Nutrien remains a significant player in the potash and fertilizer markets. The company is well-positioned to benefit from the growing demand for fertilizers as the global population increases.