Agrium, Inc. (AGU) Tops Q1 EPS by 2c; Guides Q2 Below the Street

After the close, Agrium, Inc. (NYSE: AGU) reported Q1 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $3.08 billion versus the consensus estimate of $3.01 billion.

Agrium, Inc. sees Q2 2014 EPS of $3.85-$4.35, versus the consensus of $4.98.

"Agrium's first quarter is traditionally our seasonally lowest earnings quarter and this was exacerbated this year by the record cold winter across North America. However, farmer sentiment is positive this spring and we are now seeing good demand for crop input products and services. Agrium achieved a record $788-million in operating cash flow this quarter, despite the lower net earnings, as we continue to focus on reducing working capital needs," commented Chuck Magro, Agrium's President and CEO.

For earnings history and earnings-related data on Agrium, Inc. (AGU) click here.

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