Maumee, Ohio-The Andersons Inc. on Nov. 26 said it expects its full-year earnings per share to be less than previous guidance. The full year is now expected to be within the range of $2.00-$2.80 per diluted share, down from the previous estimate of $3.50-$4.00 per diluted share announced in October. The company’s earnings per diluted share for 2007 were $3.75, which set a company record. The current adjustment is the result of continued volatility in the plant nutrient sector, which has driven previous guidance adjustments both upward and downward during the course of the year. The Andersons said that while volatility is inherent to the commodities markets, the current unpredictability in plant nutrient product valuation is at unprecedented levels. For that reason, the company widened the range beyond normal levels, and it says there remains the potential for additional guidance adjustments in the weeks ahead.
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