Thursday, January 27, 2011

Potash Shares Higher Following Q4 Earnings News

Shares of Potash (POT) are higher in mid-day trading after the company said it earned an adjusted $1.77 per share in Q4 on sales of $1.81 billion. The Thomson Reuters mean was for $1.65 per share on sales of $1.62 billion. It raised its 2011 earnings forecast to a range of $8.40 to $9.60 a share. Estimates are for $8.89 per share. Potash also declared a 3-for-1 stock split. Potash shares are up 2.5%, or $4.24, to $172.86.

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