UPDATE 1-CF Industries Q4 results beat Street view; shares up

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Feb 7 (Reuters) - Fertilizer maker CF Industries Holdings Inc (CF.N: Quote, Profile, Research) reported quarterly results above analysts' expectations, boosted by strong demand and higher prices for its products, sending its shares up about 5 percent in after-hours trade.

For the fourth quarter, the company reported a net income of $135.4 million, or $2.38 a share, compared with $8 million, or 14 cents a share, in the year-ago period.

Net sales rose 62 percent to $852.5 million.

Analysts on average were expecting earnings of $1.73 a share, excluding special items, on revenue of $783.4 million, according to Reuters Estimates.

Strong domestic and international grain markets boosted demand for fertilizer, and tightness in this demand-driven market pushed up prices for all its products, the company said.

Net sales of phosphate fertilizers rose 75 percent to $221.8 million, while net sales for nitrogen fertilizers rose 58 percent to $630.7 million.

The Deerfield, Illinois-based company said quarterly results included unrealized gains of 15 cents a share on an after-tax basis from mark-to-market adjustments on natural gas derivatives.

The company also raised its quarterly dividend to 10 cents from 2 cents a share.

Shares of the company were trading at $112.23 after the bell. They had closed at $106.61 on the New York Stock Exchange Thursday. (Reporting by Nachiket Kelkar in Bangalore; Editing by Deepak Kannan)