Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has upped its full year earnings guidance for the second time this year following a better than expected second-quarter profit of US$472 million.
Adjusted earnings per share were US56¢, beating average analysts’ estimates of 46¢, and the company’s US40¢ to US45¢ forecast, but trailed the US73¢ per share earned in the same period last year.
“At [US]56¢ per share, our earnings for the quarter surpassed the upper end of our April guidance range. Most notably we had better than anticipated results in potash and nitrogen,” Jochen Tilk, the company’s new CEO, who took over in July, said on a conference call.
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