Nutrien NTR-T fell short of Wall Street expectations for first-quarter profit on Wednesday, as the top potash producer was impacted by delayed field activity due to wet weather conditions in North America.
The company’s quarterly sales for crop nutrients was down at US$1.19 billion compared with $1.31 billion from a year ago, while sales for crop protection products was down at $972 million compared with $1.11 billion from 2024.
The Saskatoon-based firm posted an adjusted profit of 11 cents US per share for the quarter ended March 31, compared with the analysts’ average estimate of 31 cents per share, according to data compiled by LSEG.