PotashCorp (POT) Misses Q4 EPS by 2c; Guides FY EPS Below

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Go back to PotashCorp (POT) Misses Q4 EPS by 2c; Guides FY EPS Below

PotashCorp Announces Preliminary Full-Year 2016 Earnings

January 26, 2017 6:00 AM EST

Listed: TSX, NYSE Symbol: POT

Key Highlights

Fourth-quarter earnings of $0.07 per share1; full-year total of $0.40 per share Annual cash provided by operating activities of $1.3 billion Record second-half Canpotex2 shipments in 2016; fully committed for first-quarter 2017 Initiated Rocanville ramp-up; expect company-wide potash cost of goods sold to decline by approximately $10 per-tonne in 2017 Full-year 2017 guidance of $0.35-$0.55 per share, including merger-related costs of $0.05 per share Currently undergoing an impairment assessment of the carrying value of certain assets, with a particular focus on phosphate; the... More