PotashCorp posts 40-cents-a-share earning for Q1 2014
Earnings down compared to first quarter of 2013
Potash Corporation of Saskatchewan has news for its shareholders this morning.
The potash giant is reporting earnings of 40-cents-a-share for the first three months of 2014. This is down from the same period last year -- 63 cents a share then -- but still a promising sign after a rough last half of 2013.
"After an especially challenging environment in the second half of 2013, greater demand and stability emerged early in the year," said PotashCorp president Bill Doyle in a news release.
"We saw strong customer engagement ahead of the spring planting season, particularly in potash. Despite weather-related issues that impacted our results, especially in phosphate, we were able to deliver earnings above our quarterly guidance range."
Doyle expects strong shipments for the next two quarters.