17 October 2012 11:55 [Source: ICIS news]
LONDON (ICIS)--Canadian crop nutrient manufacturer Potash Corporation (PotashCorp) has lowered its earnings forecast for full-year 2012 to below its predicted range, as a result of delays in completing contracts with emerging market buyers, the company said on Wednesday.
The company announced today that earnings guidance for full-year 2012 will fall below the low end of the $2.80-3.20 (€2.16–2.46) per share range forecast in July, as a result of lower than expected sales volumes, due to delays related to new contracts with buyers in China and India.
Earnings for the third quarter of 2012 are expected to fall at the bottom of PotashCorp’s $0.70-0.90 per share expectations, the company added.
PotashCorp, which is dual-listed on the New York and Toronto stock exchanges, is expected to release its third-quarter earnings report on 25 October.
($1 = €0.77)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections