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SASKATOON, Saskatchewan (AP) _ Potash Corp. of Saskatchewan (POT) on Thursday reported second-quarter net income of $121 million.
The Saskatoon, Saskatchewan-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 18 cents per share.
The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 18 cents per share.
The producer of potash and other fertilizers posted revenue of $935 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.14 billion.
Potash Corp. expects full-year earnings to be 40 cents to 55 cents per share.
Potash Corp. shares have risen slightly since the beginning of the year. The stock has dropped 37 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POT at http://www.zacks.com/ap/POT
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Keywords: Potash Corp., Earnings Report
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Potash Corporation of Saskatchewan Inc.
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CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Potash Corp. is a producing company based in Canada. Potash Corp. is listed in Canada. Its market capitalisation is CA$ 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. |