News

Potash Corp. misses 4Q profit and revenue expectations

SASKATOON – SASKATOON, Saskatchewan (AP) _ Potash Corp. of Saskatchewan (POT) on Thursday reported fourth-quarter profit of $201 million.

On a per-share basis, the Saskatoon, Saskatchewan-based company said it had profit of 24 cents.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The producer of potash and other fertilizers posted revenue of $1.25 billion in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $1.49 billion.

For the year, the company reported profit of $1.27 billion, or $1.52 per share. Revenue was reported as $5.79 billion.

Potash Corp. expects full-year earnings to be 90 cents to $1.20 per share.

Potash Corp. shares have declined 11 per cent since the beginning of the year. The stock has dropped 58 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on POT at http://www.zacks.com/ap/POT

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Keywords: Potash Corp., Earnings Report