Saturday, August 13, 2011

Earnings After the Bell: CF Industries, Fluor

Fertilizer producer CF Industries (NYSE:CF) posted second quarter earnings after the close of trading yesterday of $487.4 million or $6.75 per share, compared to $105.1 million, or $1.54 per share, last year.

The quarter included various charges related to derivatives, but earnings beat analyst expectations even including the charges.

Revenue rose 38%, to $1.8 billion.

Also late yesterday, Fluor (NYSE:FLR) reported second quarter results that beat analyst forecasts as well.

The engineering, construction and project management company said earnings rose to $165.5 million, or $0.94 per share, from $157.4 million, or $0.87 per share, in last year?s second quarter.

Revenue rose 17%, to $6 billion.

Fluor also raised the low end of its earnings forecast. The company now projects full-year earnings of $3.10 to $3.40 per share, up from a prior forecast of $3 to $3.40 per share.

For MarketNewsVideo.com, I'm Sayoko Murase.

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