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Agrium profit slips

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Published: May 17, 2013

(Reuters) — Agrium Inc. reported first-quarter net earnings fell to $141 million, or 94 cents per share, from $155 million, or 97 cents a year earlier.

Revenue dropped 10 percent to $3.224 billion, as a cold spring delayed seeding and fertilizer application in the United States and Canada. It forecast weaker-than-expected earnings for the second quarter.

Rival Potash Corp. reported higher quarterly profits last month.

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