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Reuters reported that Potash Corp. (NYSE:POT) announced its quarterly profit dropped by 33 percent.
Reuters reported that Potash Corp. (NYSE:POT) announced its quarterly profit dropped by 33 percent.
As quoted in the market news:
A nearly 60 percent decrease in its shipments of the crop nutrient potash led to a much bigger decline in Potash Corp’s first-quarter profit than analysts had expected. The industry giant trimmed its estimate of global potash demand for 2012 and lowered forecasts for its shipments and profits.