PotashCorp Lowers 2009 Earnings Guidance

PotashCorp says it has lowered its full-year 2009 earnings guidance from $4.00-$5.00/share, to $3.25-$3.75/share, due to lower than forecasted potash sales volumes due to continued slow demand and limited restocking. PotashCorp expects third-quarter to be at the low end of its forecast of $0.80-$1.20/share. “Our 2009 earnings are still expected to be among the best in company history, despite an anticipated decrease of 60% in year-over-year potash volumes and an 85% decline in our combined phosphate and nitrogen gross margin,” PotashCorp says. About...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers