Potash Corp. of Saskatchewan raises outlook

Fertilizer maker Potash Corp. of Saskatchewan raises outlook for 3Q, year, after strong 2Q


MINNEAPOLIS (AP) -- Potash Corp. of Saskatchewan Inc. on Thursday raised its full-year guidance as it reported second-quarter earnings that more than tripled from a year ago.

The fertilizer maker said it now expects to earn $12 to $13 per share for the year, up from a previous forecast of $9.50 to $10.50 per share.

It said it expects a third-quarter profit of $3.25 to $3.75 per share.

Analysts surveyed by Thomson Financial, on average, had been expecting a profit of $11.67 per share for the year and $3.27 per share for the third quarter.

In afternoon trading, Potash shares, which had been down earlier in the session, gained 22 cents, to $200.91.