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News Watch
- 2/9/2010 7:52:32 AM
By Chip Brian, SmarTrend Analytics Team
2/9/2010- Agrium (NYSE:AGU) reported fiscal Q4 EPS of 19 cents, missing the consensus estimates of 24 cents per share.
Revenues fell 26% year-over-year to $1.44 billion, missing the consensus estimates of $1.55.
President and CEO Mike Wilson said, "The fourth quarter of 2009 saw the initial stages of recovery in the crop input sector. We have seen increasing demand for domestic potash and a tight supply situation for nitrogen and phosphate products. Wholesale sales volumes were substantially higher this quarter across all products than the fourth quarter of last year, despite the shortened fall application season."
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