UPDATE 1-CF Industries results top Street, shares rise

* Q2 net EPS $4.33, excluding items $4.15 vs $2.73

* Revenue down 15 pct to $991 mln but tops Street view

* Shares up 3.4 percent in extended trade

LOS ANGELES, July 27 (Reuters) - Fertilizer maker CF Industries (CF.N), fighting off a hostile bid from Agrium Inc (AGU.TO), said second-quarter net profit fell 26 percent, but results topped estimates as the company sold more products overseas offsetting diminished demand in the United States.

Shares rose 3.4 percent in extended trade.

Net income fell to $213 million, or $4.33 per share, from $288.6 million, or $5.01 per share, a year ago.

Excluding one-time items, the company earned $4.15 per share, according to Reuters Estimates, which said that compared with analysts' average estimate of $2.73 per share.

Net sales fell 15 percent to $991 million, but analysts were expecting revenue of $763.42 million, according to Reuters Estimates.

Chief Executive Stephen Wilson said in a statement that the company "moved aggressively to tap export markets for phosphate and nitrogen products" due to bad weather in the U.S. Midwest and high inventories at U.S. retailers.

Shares in CF, which has also launched its own hostile bid for Terra Industries Inc TRA.N, rose to $81.49 in extended trade after closing at $78.81 on the New York Stock Exchange. (Reporting by Nichola Groom)