PotashCorp (POT) Misses Q2 EPS by 1c; Updates FY15 EPS Outlook, Guides Q3 EPS

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PotashCorp Reports Second-Quarter 2015 Earnings of $0.50 per Share

July 30, 2015 6:00 AM EDT

Symbol: POTListed: TSX, NYSE

Key Highlights       

Second-quarter earnings of $0.50 per share1 Record first-half offshore potash shipments of 3.4 million tonnes Full-year 2015 earnings guidance adjusted to $1.75 - $1.95 Third-quarter earnings guidance set at $0.35 - $0.45 per share Proposal to acquire K+S Aktiengesellschaft (K+S)

CEO Commentary                                         

"Our earnings for the quarter hit the midpoint of our guidance range but trailed last year's total, primarily due to weaker nitrogen prices," said PotashCorp President and Chief Executive Officer Jochen Tilk. "While we have faced some near-term market headwinds, we are... More