October 19, 2012 / 6:16 AM / in 5 years

Yara Q3 earnings top forecasts

OSLO, Oct 19 (Reuters) - Norwegian fertiliser firm Yara reported third-quarter core earnings slightly above expectations on Friday and said farmers now had stronger pre-buying incentives than a year ago.

“The global farm margin outlook and incentives for fertilizer application are strong,” the firm said in a statement.

“Pre-buying incentives for the new season are significantly stronger than a year ago, with higher grain prices and lower nitrogen fertilizer prices,” it added.

July-September adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), excluding one-off items, fell to 4.19 billion crowns ($744.54 million) from 4.21 billion in the year-ago period, while analysts had on average expected 4.15 billion. ($1 = 5.6277 Norwegian crowns) (Reporting by Victoria Klesty; Editing by Balazs Koranyi)

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