Potash Corp raises earnings forecast
Investing News Network - 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).