Potash Corp. Q1 Profit Rises; Cuts FY15 Earnings Outlook - Quick Facts

(RTTNews) - Agricultural nutrients maker Potash Corporation of Saskatchewan Inc. (POT, POT.TO) Thursday said first-quarter earnings climbed to $370 million or $0.44 per share from $340 million or $0.40 per share generated in the same quarter in 2014.

On average, 22 analysts polled by Thomson Reuters expected earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales grew to $1.54 billion from $1.51 billion in the prior year, while 14 analysts expected revenues of $1.67 billion for the quarter.

Looking ahead, the company expects second quarter earnings in the range of $0.45 to $0.55 per share. Analysts currently expect second quarter earnings of $0.57 per share.

For full-year 2015, the company lowered its earnings to a range of $1.75 to $2.05 per share from its previous range of $1.90-$2.20 per share. Wall Street looks full year earnings $2.02 per share.