Agrium shares (T.AGU) sink on Q4 earnings guidance

Canadian Press, The Canadian Press
0 Comments| January 21, 2014

Shares of Agrium Inc. (TSX: T.AGU, Stock Forum) declined 0.77% to $103.57 a share in late morning trading, Tuesday.

The fertilizer producer issued new guidance for its fourth-quarter earnings on Monday, saying that it expects them to be at the ``bottom'' of previous estimates.

It had said earlier it expected earnings to be between 80 cents US to US$1.25 per diluted shares.

The company said in a press release its updated guidance was primarily due to lower than expected selling prices across all wholesale nutrients in the quarter and lower than expected urea ammonium nitrate and domestic potash sales volumes, partly due to problems with rail shipments.

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