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Slow Demand Hits Potash Corp Profits
Jan. 26, 2012 03:27PM PST
Potash InvestingReuters reported that Potash Corp. (NYSE:POT) projected lower earnings per share as demand for fertilizer fell.
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.
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