CF Industries misses quarterly profit estimates on higher costs; shares fall
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CF Industries reported a second-quarter profit of $2.35 per share, missing analysts' expectations of $2.54, as higher costs, particularly a 77% increase in natural gas prices, impacted earnings. The company's shares fell 4.3% in extended trading. Net earnings dropped 8% to $386 million year-over-year. The decline in crop prices has led to reduced spending on fertilizers by farmers, further affecting CF Industries. The agrichemical sector is also facing challenges from potential tariffs that may lower demand.
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