CF Industries (NYSE:CF) Revenue Down in First Quarter

CF Industries (NYSE:CF) had a poor first quarter and earnings came in at a net loss of $4.4 million, or 9 cents a share, compared to $62.7 million, or $1.28 a share last year in the same quarter.

Revenue plunged to $502.4 million, a 26 percent drop.

In contrast, major rival Intrepid Potash (NYSE:IPI) had their profits in the first quarter increase by 21 percent.

Guidance for the next quarter has CF revenue estimated to rise strongly.