Slow Demand Hits Potash Corp Profits

Reuters reported that Potash Corp. (NYSE:POT) projected lower earnings per share as demand for fertilizer fell.

As quoted in the market news:

The company, which owns one fifth of the world’s potash production capacity, forecast earnings of 55 cents to 75 cents per share for the first quarter, well below analysts’ expectations of 84 cents, as economic turbulence rattled farmers and fertilizer dealers.

Click here to read the full Reuters report.