PotashCorp 3Q earnings off 45 percent
Potash Corp. of Saskatchewan Inc., citing lower prices for all major nutrients as well as reduced potash volumes, reported a 45 percent drop in third quarter net income to $356 million ($0.41 per share) from the year-ago $645 million.
A stronger first-half allowed the company to hold the line for nine-month results, which were down only 6 percent to $1.6 billion ($1.77 per share) from the year-ago $1.7 billion ($1.89 per share).