Potash Third-Quarter Profit More Than Doubles on Higher Fertilizer Prices

Bloomberg reported that Q3 2011 profit for Potash Corp. of Saskatchewan Inc. (NYSE:POT) doubled from the same period a year ago.

As quoted in the market news:

Net income rose to $826 million, or 94 cents a share, from $343 million, or 38 cents, a year earlier, the company said today in a statement. That matched the 94-cent-a-share average of 21 analysts’ estimates compiled by Bloomberg. Sales increased 47 percent to $2.32 billion from $1.58 billion, beating the $2.17 billion average estimate.

Click here to read the full Bloomberg report.