CF Industries' (CF) Q2 Earnings Surpass Estimates, Sales Miss
CF(CF) ZACKS·2024-08-08 19:50
CF Industries Holdings, Inc. (CF) reported second-quarter 2024 earnings of $2.30 per share, down from $2.70 in the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $1.80.Net sales fell around 11.4% year over year to $1,572 million in the quarter, missing the Zacks Consensus Estimate of $1,580.2 million.Average selling prices in the second quarter were lower year over year due to a fall in global energy costs, which reduced the global market clearing price required to meet demand. Sales ...