BRIEF-Agrium Inc reports Q1 adjusted earnings per share $0.05

Tue May 3, 2016 5:52pm EDT
 
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May 3 (Reuters) - Agrium Inc

* Sees FY 2016 earnings per share $5.25 to $6.25

* Q1 adjusted earnings per share $0.05

* Q1 sales $2,725 million versus $2,872 million

* 2016 annual guidance range has been revised to $5.25 to $6.25 diluted earnings per share

* Says reduction in net earnings for Q1 was driven by weaker selling prices across all nutrients

* Nitrogen projects in North America are expected to continue to ramp up in 2016

* 2016 annual guidance range for diluted earnings per share due to weak outlook for nutrient prices

* Issuing earnings guidance of $4.00 to $4.30 diluted earnings per share for first half of 2016   Continued...