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PotashCorp earnings down YOY, but above guidance

9:16 AM MDT | July 24, 2014 | Lindsay Frost

PotashCorp reported its second quarter results today—showing strong segment results, though, overall trailing behind the same quarter 2013. Net income dropped 26% YOY, to $472 million with earnings per share of 56 cts/share rising above analyst estimates of 45 cts/share. Sales of $1.9 billion fell 9% YOY. The company says investments in Arab Potash Company (Jordan) and Sociedad Quimica y Minera de Chile S.A. (SQM; Chile) contributed positively to earnings. "Robust global fertilizer demand provided a supportive earnings environment during the...

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