Potash Corp raises earnings forecast

- March 12th, 2010

On Thursday, the world’s largest fertilizer maker Potash Corp of Saskatchewan (POT.TO) sharply raised its first-quarter forecast, citing a sharp rebound in demand for potash.

On Thursday, the world’s largest fertilizer maker Potash Corp of Saskatchewan (POT.TO) sharply raised its first-quarter forecast, citing a sharp rebound in demand for potash.

The press release is quoted as saying:

The announcement sent its shares, which had closed Thursday at $116.93 on the New York Stock Exchange, soaring 7.5 percent to $125.72 in trade after the evening bell. The news also boosted the shares of other North American potash producers like Mosaic Co (MOS.N), Agrium Inc (AGU.TO) and Intrepid Potash (IPI.N).

Click here to access the entire press release

Click here to access Potash Corp Corporate Site

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