Fertilizer company, Potash Corp./Saskatchewan(POT) saw a drop in profits for the fourth quarter, missing analysts estimates on Thursday.
The Saskatoon, Canada based company reported fourth quarter earnings of $421 million, or 48 cents per share, down -38% from $682 million, or 78 cents per share last year. Analysts expected to see EPS of 58 cents.
Revenue for the quarter fell -12% to $1.642 billion, from $1.865 billion last year. Analysts were looking to see revenue of $1.74 billion.
For the first quarter, the company is estimating earnings in the range of 50 cents to 65 cents per share. Analysts are expecting EPS of 68 cents.
Looking ahead, POT is expecting to see FY2013 earnings between $2.75 and $3.25, while analysts are expecting EPS of $3.18.
Potash Corp./Saskatchewan shares were down 70 cents, or -1.63% during Thursday morning trading. The stock has declined -9% in the past year.
The Bottom Line
Shares of Potash Corp./Saskatchewan (POT) have a yield of 2.66%, based on Thursday morning’s price of $42.16.
Potash Corp./Saskatchewan(POT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.