PotashCorp Narrows 2016 Earnings Guidance - Quick Facts

(RTTNews) - Potash Corporation of Saskatchewan Inc. (POT, POT.TO) narrowed its full-year 2016 earnings guidance range to $0.40-$0.45 per share, which includes first-half charges of $0.11 per share primarily related to the suspension of Picadilly mine in New Brunswick and its share of Canpotex's Prince Rupert project exit costs. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.51. Analysts' estimates typically exclude special items.

The company has narrowed the guidance range for its potash sales volumes to 8.5-8.7 million tonnes and refined gross margin expectations to $400-$500 million.