Nutrien Ltd.'s stock plummeted 7.37% during intraday trading on Thursday, significantly underperforming the broader market.

The sharp decline was triggered by the company's first-quarter earnings report, which revealed adjusted earnings per share of $0.51, falling short of the analyst consensus estimate ranging from $0.52 to $0.54. While the company reported robust revenue of $6.046 billion that exceeded market expectations, the profit miss weighed heavily on investor sentiment.

The earnings disappointment pressured the stock despite the strong top-line performance, contributing to a notable sell-off in the trading session.