reported an earnings increase of almost 58% in the fourth quarter as revenue rose because of higher nitrogen products selling prices.
Fourth-quarter earnings were $164.7 million, or $1.65 a share, an increase from $69.7 million, or 66 cents a share, a year earlier. Revenue rose to $683.5 million from $569 million a year earlier.
Analysts surveyed by Thomson Reuters forecast fourth-quarter earnings of 92 cents a share.
Fertilizer company Terra last month said its board rejected an unsolicited $2.1 billion takeover offer from rival
Terra said its board decided that the bid was not in the best interest of the company or its shareholders.