Potash Likely to Jump on Guidance
Stock quotes in this article:POT
SASKATOON, SASKATCHEWAN (TheStreet) -- Potash Corporation of Saskatchewan(POT) is likely to surge Friday after announcing a massive upward revision of its first-quarter earnings guidance late Thursday after a "sharp rebound" in demand.
Potash now expects earnings in the range of $1.30-$1.50 compared with the previous forecast of $0.70-$1.00 per share provided on Jan. 28. The company now expects a record quarter for North American sales volume, along with higher-than-expected margins in nitrogen and phosphate. "Strong farmer returns, a depleted distributor pipeline and the agronomic need to replace soil nutrients have kick-started a potash rebound from 2009 lows," President and Chief Executive Officer Bill Doyle said in a statement. "While we know that growth does not follow a straight upward line, we believe the increase in potash sales volumes this quarter represents the beginning of a return to long-term growth in demand.">To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,772.96 | 1,339.79 | 2,905.90 | 19.86 |
Oil *
117.12
|
|
DOWN
117.50 |
DOWN
12.16 |
DOWN
21.33 |
DOWN
0.61 |
10 Yr
1.99%
SPDR Gold
166.86
|
|
-0.91%
|
-0.90%
|
-0.73%
|
-2.98%
|
Data delayed 20 minutes |
Connect with TheStreet