CLSA Upgrades Agrium (AGU) to Underperform
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Agrium Reports Solid Second Quarter Earnings
August 3, 2016 5:30 PM EDTCALGARY, AB -- (Marketwired) -- 08/03/16 -- Agrium Inc. (TSX: AGU) (NYSE: AGU) announced today its 2016 second quarter earnings, with net earnings attributable to equity holders of Agrium of $564-million ($4.08 diluted earnings per share) compared to $674-million ($4.71 diluted earnings per share) in the second quarter of 2015. The reduction in net earnings this quarter was driven primarily by continued weakness in global nutrient prices. This was partially offset by solid demand for crop inputs, lower costs and strong margins within our ag-retail distribution... More
