CF Industries' (CF) Earnings and Sales Miss Estimates in Q1

CF Industries Holdings, Inc. (CF) reported a first-quarter 2024 profit of $194 million or $1.03 per share, down from $560 million or $2.85 per share in the year-ago quarter. Earnings per share missed the Zacks Consensus Estimate of $1.47.Net sales fell 26.9% year over year to $1,470 million in the quarter. The figure missed the Zacks Consensus Estimate of $1,473.9 million.Average selling prices in the reported quarter were lower than in the first quarter of 2023 as decreased global energy costs reduced the ...