Investing.com - CF Industries reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CF Industries announced earnings per share of $0.7 on revenue of $1.05B. Analysts polled by Investing.com anticipated EPS of $0.5664 on revenue of $1.1B.
CF Industries shares are up 29% from the beginning of the year and are trading at $48.70 , down-from-52-week-high.They are outperforming the S&P 500 which is up 10.96% from the start of the year.
CF Industries shares lost 2.76% in after-hours trade the report.
CF Industries follows other major Basic Materials sector earnings this month
CF Industries's report follows an earnings beat by Vale ADR on Tuesday, April 27, 2021, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on Tuesday, April 27, 2021 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
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