PotashCorp 2Q income up 23 percent; full-year estimates revised downward

摘要

Potash Corp. of Saskatchewan Inc. reported net income of $643 million ($0.73 per diluted share) on sales of $2.14 billion for the second quarter ending June 30,2013, compared to the year-ago $522 million ($0.60 per share) on sales of $2.4 billion. "Global fertilizer demand was strong during the quarter, but highly competitive markets around the world had an impact on our results," said PotashCorp President and CEO Bill Doyle. "Despite some weakening of prices in each of our nutrients, the continued engagement of buyers in our key markets was a positive sign." Despite the second-quarter uptick in earnings, PotashCorp adjusted its forecast for full-year earnings to $2.45-$2.70 per share, down from April's forecast of $2.75-$3.25 per share. The third-quarter forecast is $0.45-$0.60 per share.