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Chemical Week Magazine :: Business & Finance :: United States/Americas

PotashCorp reports drop in earnings, potash sales volumes up

8:23 AM MDT | October 26, 2012 | —Lindsay Frost

P otashCorp reported a drop in third quarter earnings—down 22% to $645 million, or 75 cts/share. Reported adjusted earnings per share of 74 cts/share were lower than analyst estimates of 78 cts/share, according to Thompson Reuters (New York). The company says volumes in North American potash hit a record high due to strong third-quarter shipments in areas less impacted from the drought, PotashCorp says. Sales for the quarter hit $2.1 billion, down 9% year-over-year. The company says offshore investments contributed $113 million to earnings. Potash sales fell...

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