Potash Forecast Misses Estimates as Output Seen Declining
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Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer producer, forecast lower-than-expected third-quarter profit as scheduled maintenance reduces output and raises costs.
Earnings will be 70 cents to 90 cents a share, the Saskatoon, Saskatchewan-based company said today in a statement. The average of 22 analysts’ estimates compiled by Bloomberg was 95 cents.