04:56 PM EDT, 08/07/2024 (MT Newswires) -- CF Industries ( CF ) reported Q2 net earnings late Wednesday of $2.30 per diluted share, down from $2.70 per share a year earlier.

Analysts polled by Capital IQ expected $1.91 per share.

Net sales in the quarter ended June 30 fell to $1.57 billion from $1.78 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.53 billion.

The company said it repurchased 8.3 million shares for $652 million in H1, including 4 million for $305 million in Q2. Since the start of the $3 billion buyback program in Q2 2023, the company repurchased 13.9 million for $1.1 billion with $1.9 billion left in the program that expires in December 2025.

Shares of the company rose 3% in recent after-hours trading.

Price: 75.50, Change: +2.20, Percent Change: +3.00