CF Industries (CF) Q2 EPS of $9.31 beats by $0.41. Revenue of $1.74B (-4% Y/Y) misses by $210M....

CF Industries (CF) Q2 EPS of $9.31 beats by $0.41. Revenue of $1.74B (-4% Y/Y) misses by $210M. $500M worth of shares repurchased. New $3B repurchase program authorized. Potential investment in nitrogen projects increased to $2B from prior $1B-$1.5B. Shares -0.2% AH. (PR)
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Comments (4)
  • Chris Damas
    , contributor
    Comments (1727) | Send Message
    Actually it wasn't a beat because there were 60 cents of items.
    Adjusted EPS was $8.71 or a 19 cent miss. Revs missed because
    volumes were low but margins were excellent on nitrogen at 66%.
    6 Aug 2012, 05:06 PM Reply Like
  • maverta
    , contributor
    Comments (332) | Send Message
    thanks for the clarity Chris. we have spoken before about CF. I sold all my shares today 5 minutes before the close because the market looks like it might need a rest and I didn't like the way it sold off hard into the close. I figured even a positive earnings report could still see a sell off if the market doesn't hold up. not putting any meaning into after hours trading. for the 50,000 shares traded, I really don't think those people had a real grasp of this earnings report. I'll be looking for more from you Chris. Thanks for your help.
    6 Aug 2012, 07:28 PM Reply Like
  • Chris Damas
    , contributor
    Comments (1727) | Send Message
    Thanks maverta. Margins included Q2 reversals of natural gas derivative losses in Q1, so having such high margins will probably require low natural gas prices going forward.
    6 Aug 2012, 07:39 PM Reply Like
  • bnwankwo
    , contributor
    Comments (3) | Send Message
    The question is whether the earning report support the current price action on this stock and further upside momentum. The answer is yes.!!!! No one cares about all this minutia stuff Chris is talking about.
    I confess I was bearish on CF and actually shorted it going into earning because I was sure there will be a big miss and huge price retracement. But I was wrong.
    No ashamed to call it when I'm wrong. It all about making money.
    6 Aug 2012, 10:10 PM Reply Like
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