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Potash Corporation of Saskatchewan Inc Lowers FY 2012 EPS Guidance; Sees Q3 2012 EPS Guidance At Low End Of Prior Range

Wednesday, 17 Oct 2012 06:00am EDT 

Potash Corporation of Saskatchewan Inc announced that earnings guidance for fiscal 2012 will fall below the low end of the previous range of $2.80-$3.20 per share provided in July 2012. The change primarily reflects lower than forecasted potash sales volumes due to delays in new contracts with buyers in China and India. Earnings for the third-quarter 2012 are expected to be at the low-end of the $0.70-$0.90 per share guidance range previously provided. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.83 for the third quarter of 2012 and EPS of $3.34 for fiscal 2012.