09:55 AM EST - Potash Corp. of Saskatchewan, Inc. : reported second-quarter net earnings of $187.1 million U.S. or $0.62 U.S. per share, compared to $905.1 million U.S. or $2.82 U.S. per share in the same quarter last year. Sales for the quarter declined to $856.0 million U.S., from $2.62 billion U.S. in the year-ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.69 U.S. per share on revenues of $981.29 million U.S. for the quarter. Analysts' estimates typically exclude special items. The company anticipates global potash demand in 2010 to be in the range of 55-60 million tonnes, depending on the pace of improvement in the world economy and related crop commodity prices. The company now expects 2009 potash sales volumes to be in the range of 4.5-5.0 million tonnes. Potash Corp. is expecting third-quarter net income per share to be in the range of $0.80-$1.20 U.S. Analysts expect the company to report earnings of $1.60 U.S. per share for the third quarter. For the full year, the company now anticipates earnings to be in the range of $4.00-$5.00 U.S. per share. Earlier, the company had expected earnings to be in the range of $7.00-$8.00 U.S. per share. Analysts expect the company to report earnings of $5.31 U.S. per share for fiscal 2009. Potash Corp. of Saskatchewan, Inc.
shares T.POT are trading down $0.36 at $97.14.
