Hot grain prices boost Potash Corp. profit

flovestock

TORONTO— Reuters
Published Thursday, Apr. 28, 2011 6:16AM EDT

Potash Corp. of Saskatchewan Inc. (POT-T54.18-1.36-2.45%), the world’s largest fertilizer maker, reported a first-quarter profit that topped expectations on Thursday, as soaring grain prices pushed farmers to increase their use of crop nutrients.

The Saskatoon, Sask.-based company also said tight global grain inventories, coupled with strong returns on crops will continue to spur demand for potash, phosphate and nitrogen – the three key nutrients used in fertilizers.

Potash Corp. said demand for its namesake nutrient rose to new highs with strong demand particularly from Latin America and Asian countries outside of China and India, which typically buy potash via longer-term contracts.

Profit in the quarter rose to $732-million, or 84 cents a share, from $444-million, or 49 cents a share, a year earlier.

Quarterly revenue rose almost 30 per cent to $2.20-billion, driven largely by higher prices for all three nutrients.

Analysts on average had forecast earnings of 80 cents a share, on revenue of $2.01-billion, according to Thomson Reuters I/B/E/S.

Its average realized potash price in the quarter rose to $366 per tonne, up from $321 a tonne, a year earlier. The company reported similar gains in both its nitrogen and phosphate segments.

Potash Corp. expects second-quarter profit to be in the range of 70 cents to 90 cents per share, with full-year earnings in the range of $3.00 to $3.40 per share. Analysts are looking for second-quarter earnings of 84 cents and full-year earnings of $3.29, according to Thomson Reuters I/B/E/S.

flovestock

高开低走,too bad.

要去测试前低?  还是等老大的分析吧.

jiumentidu

POT的earning不错，可惜市场不好好配合。Potash在今年还会是热点。

Cobra

flovestock 发表于 2011-4-28 15:27
高开低走,too bad.

要去测试前低?  还是等老大的分析吧.

POT.TO的图形暂时还不算坏，等等看吧。我现在也说不出个所以然来。下跌的话，要等等看下面的绿线support是否管用。这里就大反弹的话，应该是比较牛的。

flovestock

Cobra, please update, thanks.

Cobra

flovestock 发表于 2011-5-19 21:42
Cobra, please update, thanks.

图形略为偏坏点，但是还没有破位，因此难说，特别是反弹弄了个higher high，让人看到点希望，不过，下破的话就不用谈了，Descending Triangle breakdown。