Agricultural nutrient maker Potash Corp of Saskatchewan Inc. (POT,POT.TO) reported first-quarter net earnings of $556 million $0.63 per share, up from $491 million or $0.56 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.59 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter rose to $2.10 billion from $1.75 billion in the prior year quarter. Seventeen analysts had consensus revenue estimate of $1.82 billion for the quarter.
The company expects second-quarter earnings to be in the range of $0.70-$0.85 per share. Analysts expect the company to report earnings of $0.89 per share for the second-quarter.
The company maintained its previous full-year 2013 estimates of potash gross margin in the range of $1.9 billion - $2.4 billion and shipments between 8.5 million and 9.2 million tonnes.
The company maintained its full-year 2013 net income guidance at $2.75-$3.25 per share. Analysts expect the company to report earnings of $3.01 per share for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.