BRIEF-Agrium posts Q2 adj EPS of $4.18; sees FY EPS $5.00-$5.30

Wed Aug 3, 2016 6:37pm EDT
 
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Aug 3 (Reuters) - Agrium Inc

* Agrium reports solid second quarter earnings

* Q2 adjusted earnings per share $4.18

* Sees FY 2016 earnings per share $5.00 to $5.30

* Agrium inc says 2016 estimates of nitrogen and potash production remain between 3.5 million to 3.7 million and 2.3 million to 2.4 million tonnes, respectively

* Qtrly nitrogen sales volumes were slightly lower than same period last year due primarily to extended planned outage at the borger facility

* Narrowed our expectation for 2016 retail ebitda between $1.1-billion to $1.15-billion

* Agrium inc says nitrogen prices have been pressured due to slow demand from india and seasonal pricing pressure

* Sees 2016 nitrogen production of 3.5 to 3.7 million tonnes   Continued...