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Intrepid Potash Q2 Profit Increases, but misses estimates

Intrepid Potash (IPI) reported earnings for its second quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $23.71 million, or $1.74 per share. This compares with $19.50 million, or $1.46 per share, in last year's second quarter.

Excluding items, Intrepid Potash reported adjusted earnings of $24.77 million or $1.82 per share for the period.

Analysts on average had expected the company to earn $1.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 35.1% to $91.74 million from $67.89 million last year.

Intrepid Potash earnings at a glance (GAAP) :

-Earnings (Q2): $23.71 Mln. vs. $19.50 Mln. last year.
-EPS (Q2): $1.74 vs. $1.46 last year.
-Analyst Estimate: $1.99
-Revenue (Q2): $91.74 Mln vs. $67.89 Mln last year.

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