Nutrien Q2 revenue beat offsets EPS miss; analyst stays positive
Day-one price uptick ~2.8% driven by revenue strength and Virtus analyst endorsement despite EPS miss.
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Day-one price uptick ~2.8% driven by revenue strength and Virtus analyst endorsement despite EPS miss.
What happened, with direct paths to the underlying reporting
Virtus Investment Partners' Joseph Terranova highlighted Nutrien as a top pick despite mixed results. Nutrien reported Q2 EPS of $2.61 vs $2.72 expected, but revenue rose to $10.812B from $10.323B forecast. Shares rose about 2.8% to $75.53 as investors weighed revenue strength against softer profits.
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