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(RTTNews) - Nutrien Ltd. (NTR.TO) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $158 million, or $0.32 per share. This compares with $571 million, or $1.14 per share, in last year's first quarter.

Excluding items, Nutrien Ltd. reported adjusted earnings of $230 million or $0.46 per share for the period.

Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 11.8% to $5.39 billion from $6.11 billion last year.

Nutrien Ltd. earnings at a glance (GAAP) :

-Earnings (Q1): $158 Mln. vs. $571 Mln. last year. -EPS (Q1): $0.32 vs. $1.14 last year. -Revenue (Q1): $5.39 Bln vs. $6.11 Bln last year.

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