Top potash producer Nutrien misses first-quarter profit estimates
The Saskatoon, Canada-based firm posted an adjusted profit of 11 cents per share for the quarter ended March 31, compared with the analysts' average estimate of 31 cents per share, according to data compiled by LSEG.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Leroy Leo)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Ontario sheds manufacturing jobs as tariff impacts felt, report says
TORONTO — Ontario's financial watchdog says the province's economy has recently started to feel the impact of American tariffs, shedding 38,000 jobs. Financial accountability officer Jeffrey Novak says in a report today that economic indicators for the second quarter of 2025 are mostly negative. Employment, in particular, took a hit with most of the job losses felt in the manufacturing sector. The unemployment rate rose for a ninth consecutive quarter, up to 7.8 per cent. Novak says the effects of tariffs are being particularly felt in Windsor, which has a large manufacturing base, and its unemployment rate rose 1.9 percentage points in the second quarter to 11.2 per cent, the highest in the province. The NDP says the provincial government isn't doing enough to protect jobs. This report by The Canadian Press was first published Aug. 21, 2025. Allison Jones, The Canadian Press Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
18 minutes ago
- Yahoo
Tariffs: Quebec liquor board prepares to destroy $300,000 worth of American alcohol
MONTRÉAL — The Quebec liquor board may be forced to destroy $300,000 worth of American alcohol that the province has banned from stores. The provincial government on March 4 ordered the state-owned corporation to empty shelves of U.S. alcohol in response to tariffs imposed by President Donald Trump. At the time, other provinces including Ontario and Alberta directed their liquor regulators to stop buying all American alcohol, while B.C. banned liquor from "red states" that voted for Trump in the 2024 election. U.S. alcohol purchased before the boycott is being stored, but Quebec's liquor board says that unless the government changes its guidelines it will have to destroy some products when they expire. The corporation says the affected products are mainly rosé and boxed wines, ready-to-drink cocktails, and certain beers and liqueurs not suitable for prolonged storage. The liquor board says the $300,000 worth of stock represents only a small portion of the $27 million of American products in storage. This report by The Canadian Press was first published Aug. 21, 2025. The Canadian Press
Yahoo
18 minutes ago
- Yahoo
Big Trouble At Lockheed As Classified Program Blowups Trigger Billions In Losses
Lockheed Martin Corp. (NYSE:LMT) reported $1.8 billion in charges in the second quarter, led by a classified Aeronautics program and two Rotary and Mission Systems projects, prompting Bank of America Securities (BofA) analyst Ronald J. Epstein to trim his outlook. The analyst reaffirmed a Neutral rating and lowered his price forecast to $480 from $495, citing ongoing program challenges and limited near-term catalysts. Epstein said the recurring charges, which follow roughly $2 billion recorded in 2024, have shaken investor confidence. The latest write-downs included $950 million tied to a classified Aero effort, $570 million on Canada's Maritime Helicopter Program, and $95 million related to Turkey's utility helicopter the charges cut $5.83 per share from quarterly earnings. Additional hits came from a $66 million NGAD asset write-off and a $103 million tax adjustment, partly offset by state tax benefits. The bright spot remains the Missiles and Fire Control (MFC) unit, which Epstein identified as the primary driver of potential upside. Programs such as Long Range Anti-Ship Missile (LRASM), Joint Air-to-Surface Standoff Missile (JASSM), Patriot Advanced Capability-3 (PAC-3), and Guided Multiple Launch Rocket System (GMLRS) remain in high demand as the U.S. and allies replenish stockpiles. MFC's backlog rose 4% from 2024 and 25% over two years, signaling a strong pipeline. However, he added, supply chain constraints limit how fast the segment can scale, meaning it cannot fully counterbalance headwinds elsewhere. Looking ahead, BofA lowered its adjusted EPS forecast for 2025 to $21.95 from $27.30. Projections for 2026 and 2027 were also reduced slightly. Epstein set his price forecast at $480, down from $495, based on a 12x EV/EBITDA multiple on 2026e, a level he sees as capped at Lockheed Martin's 10-year historical average while the company works through margin pressure and tax headwinds. Epstein flagged additional risks, including a potential $4.6 billion IRS tax dispute, program execution challenges, and budget-related uncertainty around the F-35. While long-term demand for missiles remains supportive, Epstein said Lockheed Martin may remain in the penalty box until management resolves program issues and restores investor confidence. U.S. Army Awards $720 Million Contract for JAGM, HELLFIRE Production Additionally, Lockheed Martin on Thursday announced it has secured a $720 million contract from the U.S. Army to produce Joint Air-to-Ground Missiles (JAGM) and HELLFIRE missiles, marking the fourth and final follow-on award under its current multi-year agreement. The deal will support U.S. Army, Navy, and international customers, including a Foreign Military Sales order of 160 JAGMs for the United Kingdom and HELLFIRE deliveries to NATO allies Poland, Spain, Czech Republic, Italy, and new customer Canada. Price Action: LMT shares are trading lower by 0.12% to $445.62 at last check Thursday. Read Next:Image by MC MEDIASTUDIO via Shutterstock Latest Ratings for LMT Date Firm Action From To Mar 2022 Wells Fargo Maintains Equal-Weight Mar 2022 Morgan Stanley Maintains Overweight Feb 2022 Wolfe Research Upgrades Peer Perform Outperform View More Analyst Ratings for LMT View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? LOCKHEED MARTIN (LMT): Free Stock Analysis Report This article Big Trouble At Lockheed As Classified Program Blowups Trigger Billions In Losses originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
