PotashCorp 3Q earnings off
Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported third-quarter earnings of $0.74 per share ($645 million), which compared to $0.94 per share ($826 million) in the same period last year. Earnings for the first nine months reached $1.89 per share ($1.7 billion), a total that trailed the $2.73 per share ($2.4 billion) earned during the same period in 2011.
Third-quarter sales were $2.14 billion, down from $2.32 billion. Nine month sales were $6.28 billion, down from $6.85 billion.
While the company noted a robust performance from its nitrogen sector, as markets prepare for another large grain crop in 2013, international shipments of phosphate and potash were off, with the latter mainly due to delays in inking new contracts with India and China.