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PotashCorp cuts earnings outlook
9:27 AM MDT | October 17, 2012 | Rebecca Coons
Potash Corp. of Saskatchewan (PotashCorp) lowered its fiscal fourth-quarter and full-year earnings guidance, citing delays in the settlement of potash supply contracts with Chinese and Indian buyers. The company expects results for the quarter ended 30 September to be at the low end of its 70–90-cts/share guidance, while 2012 earnings are forecast to fall below the low end of the $2.80–3.20/share guidance provided in July. Analysts estimates for PotashCorp's fourth quarter and 2012 fiscal year are 83 cts/share and $3.34/share, respectively. The...
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