* Q4 EPS $0.24 vs est $0.20
* Sales up 32 pct at $96.2 mln vs est $87.2 mln
Feb 23 Intrepid Potash Inc posted its
second straight market-topping quarterly profit as potash sales
increased 44 percent on surging demand for grains.
Rising crop prices are giving strong incentives to farmers
to maximize yield, which entails applying more fertilizer, thus
helping fertilizer companies like Potash Corp and Mosaic
Co clock good sales numbers.
"Given the strong commodity-pricing environment and level of
grain demand, we expect at least a normal spring season in terms
of application rates as farmers look to maximize yield and
margin," Intrepid's Executive Chairman Bob Jornayvaz said.
October-December profit nearly tripled to $18.2 million, or
24 cents a share, from $6.7 million, or 9 cents a share, in the
Sales at the Denver-based company rose 32 percent to $96.2
Analysts were looking for earnings of 20 cents a share, on
revenue of $87.2 million, according to Thomson Reuters
Intrepid shares closed down 2 percent at $35.69 on
Wednesday on the New York Stock Exchange.
(Reporting by Krishna N Das; Editing by Anne Pallivathuckal)