| Correction: Earns-Potash Corp story | |
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SASKATOON, Saskatchewan (AP) -- In a story April 30 about Potash Corp.'s first-quarter earnings, The Associated Press erroneously reported the company's quarterly results, the average analyst estimate and the company's guidance for the full year. Potash Corp. earned $370 million, or 44 cents per share, on revenue of $1.67 billion. That missed the average analyst estimate of 50 cents per share. For the full year, Potash expects to earn between $1.75 and $2.05 per share.
A corrected version of the story is below:
Potash Corp. of Saskatchewan (T.POT) on Thursday reported first-quarter profit of $370 million (467.4 million CAD).
The Saskatoon, Saskatchewan-based company said it had net income of 44 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The producer of potash and other fertilizers posted revenue of $1.67 billion (2.11 billion CAD) in the period.
Potash Corp. expects full-year earnings to be $1.75 to $2.05 per share.
Potash Corp. shares have declined 3 percent since the beginning of the year. The stock has increased slightly more than 1 percent in the last 12 months.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on T.POT at http://www.zacks.com/ap/T.POT
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Keywords: Potash Corp., Earnings Report
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Potash Corporation of Saskatchewan Inc.
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CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Potash Corp. is a producing company based in Canada. Potash Corp. is listed in Canada. Its market capitalisation is CA$ 21.7 billions as of today (US$ 17.2 billions, € 14.4 billions). Its stock quote reached its lowest recent point on March 24, 1995 at CA$ 10.00, and its highest recent level on September 21, 2007 at CA$ 99.07. Potash Corp. has 840 009 984 shares outstanding. |