(Reuters) — Canadian fertilizer producer Agrium Inc. expects third-quarter earnings from continuing operations of 45 cents to 55 cents per share, falling short of Wall Street expectations of 68 cents.
Two of Agrium’s major production facilities are offline, but the company said stronger results from nitrogen sales would offset the impact.
The Vanscoy, Sask., potash mine has halted production, so the company can tie in an expansion project. Agrium’s Redwater, Alta., nitrogen plant is down for replacement of a major piece of equipment.
