Nutrien Ltd., Saskatoon, reported a third-quarter net
loss of $587 million mainly due to an $823 million noncash impairment
associated with its phosphate assets related to a less favorable long-term
outlook for phosphate prices and expected global supply imbalance. The company reported year-ago net income of
$141 million.
Also based on market factors, the company narrowed its 2020 adjusted net
earnings guidance to $1.60-$1.85 per share from $1.50-$1.90 per share and
adjusted EBITDA guidance to $3.5-$3.7 billion from $3.5-$3.8 billion.
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