Potash Corporation of Saskatchewan (USA) (POT) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.18 EPS for the quarter. Analysts had a consensus estimate of $0.18. The company posted revenue of $1053.00 million in the period, compared to analysts expectations of $1131.01 million. The company’s revenue was down -39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Potash Corporation of Saskatchewan (USA) closed down -1.24 points or -7.23% at $15.91 with 2,90,68,165 shares getting traded on Thursday. Post opening the session at $16.5, the shares hit an intraday low of $15.84 and an intraday high of $16.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Potash Corporation of Saskatchewan Inc is a fertilizer company. The Company operates in three business segments: potash nitrogen and phosphate. The Company owns and operates five potash operations in Saskatchewan and one in New Brunswick. Its nitrogen operations involve the production of nitrogen fertilizers and nitrogen feed and industrial products including ammonia urea nitrogen solutions ammonium nitrate and nitric acid. It has nitrogen facilities in Georgia Louisiana Ohio and Trinidad. The Companys phosphate operations include the manufacture and sale of solid and liquid phosphate fertilizers phosphate feed and industrial acid which is used in food products and industrial processes. It has phosphate mines and mineral processing plant complexes in Florida and North Carolina. The Company also has four phosphate feed plants in the United States and produce phosphoric acid at its Geismar Louisiana facility.