SASKATOON – Potash Corp. of Saskatchewan Inc. (TSX:POT) says it earned US$417 million in its latest quarter, down from a year ago. The fertilizer producer, which reports its results in U.S. dollars, says the profit amounted to 50 cents per share, down from $472 million or 56 cents per share a year ago.
Sales slipped to $1.73 billion compared with $1.89 billion a year ago.
The company also narrowed its outlook for the year as it said it now expects potash sales this year to be between 9.3 million and 9.6 million tonnes.
That compared with earlier expectations for between 9.2 million and 9.7 million tonnes.
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PotashCorp also said it expects its earnings per share for the year to come in between $1.75 and $1.95. That compared with earlier guidance for between $1.75 and $2.05 per share.
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