Agrium Q1 Profit Plunges - Quick Facts

(RTTNews) - Agrium Inc. (AGU, AGU.TO) Tuesday reported first-quarter profit of $3 million or $0.02 per share, down from $141 million or $0.94 per share in the same period last year.

Adjusted earnings for the quarter were $11 million or $0.07 per share. On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

Sales decreased to $3.08 billion from $3.16 billion last year. Analysts expected sales of $3.01 billion.

Looking ahead to the second quarter, the company currently projects earnings in the range of $3.85 to $4.35 per share. Analysts currently expect second-quarter earnings of $7.28 per share.