Potash Corp Q2 Profit Rises; Cuts FY13 EPS View - Quick Facts

(RTTNews) - Potash Corp of Saskatchewan Inc. (POT, POT.TO) reported that its second-quarter net income increased to $643 million or $0.73 per share, from $522 million or $0.60 per share in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.81 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter declined to $2.144 billion from $2.396 billion in the prior year quarter. Nineteen analysts had consensus revenue estimate of $2.19 billion for the quarter.

For the third-quarter, the company expects earnings to be in the range of $0.45-$0.60 per share. Analysts expect the company to report earnings of $0.73 per share for the third-quarter.

The company now forecasts full-year 2013 net income to be in the range of $2.45-$2.70 per share, compared to prior estimate of $2.75 to $3.25 per share. Analysts expect the company to report earnings of $2.89 per share for fiscal 2013.