PotashCorp Reports Second-Quarter Earnings of $1.55 Per Share

PotashCorp. (NYSE:POT) (NYSE: POT) reported second-quarter earnings of $1.55 per share(1) ($472.0 million), more than double the $0.61 per share ($186.2 million) earned in the same period last year.

The press release is quoted as saying:

This result was the second-highest second-quarter total in company history and raised first-half 2010 earnings to $3.02 per share ($921.2 million). Second-quarter gross margin of $583.6 million, driven largely by potash, was more than triple the $169.1 million earned in the same period last year and raised total gross margin for the first six months to $1.3 billion. Earnings before interest, taxes, depreciation and amortization(2) (EBITDA) of $768.9 million and cash flow prior to working capital changes(2) of $642.3 million were more than double the $354.4 million and $304.7 million, respectively, generated in the same quarter last year.

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