CF Industries Holdings Inc. said its quarterly revenue more than doubled, but the fertilizer producer’s profit missed forecasts and it took several one-time charges, sending its shares diving more than 5 percent.
For the third quarter, the company posted net income of $48.2 million, or 67 cents per share, up from $38.5 million, or 78 cents per share, in the year-ago period.
Several one-time charges totaled 45 cents per share, including a noncash item of $25.7 million, or 22 cents per share, based on the value of its derivatives tied to natural gas.
Excluding the charges, CF earned $1.12 per share.
