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Nutrien reported fourth-quarter 2017 results for Agrium and PotashCorp and issued 2018 guidance of $2.10 to $2.60 per share in earnings and $3.2 to $3.7 billion in EBITDA. The company cited stronger potash prices, sales volumes and lower cash costs.
It also sold its ICL stake for $685 million and agreed to buy Brazilian firm Agrichem.
Earnings guidance tied to firmer potash pricing signals that major producers expect to keep prices supported, which bears on the cost of crop inputs for feed-grain farmers.
newswire.caNutrien Ltd.Feb 5, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
