good buying opportunity for ENCTF.PK... or is that toast?
Jeff - Is this the time .36?
good buying opportunity for ENCTF.PK... or is that toast?
Jeff - Is this the time .36?
I saw the article below and remembered seeing this thread awhile back. Thought I'd share. Good luck all.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) reported quarterly earnings this morning that were markedly better than what Wall Street was expecting, and shares are moving higher this morning as a result.
The Canada-based company reported second quarter earnings of 96 cents per share on $2.33 billion in revenues. Wall Street was looking for earnings of 85 cents per share on $2 billion in revenues. Revenues soared year-over-year, rising 61.8% from last year. The company also gave guidance for the third quarter, saying it expects to earn anywhere between 80 cents and $1 per share, as opposed to the Wall Street estimate of 89 cents. For the full year, the company expects to earn $3.40 to $3.80 per share. Wall Street expects full year earnings of $3.43 per share.
“The continuation of strong fertilizer demand combined with the limitations of global production, especially in potash, resulted in tight fertilizer markets and rising prices for our products,” said PotashCorp President and Chief Executive Officer Bill Doyle. “With farmers committed to increasing yields and capitalizing on the unprecedented economic opportunity, we worked to keep pace with growing demand, which resulted in a record quarter for our company. We believe our ongoing investment in expanding potash operational capability is playing an integral role in the world's food story, and we demonstrated our increased ability to deliver – for our customers and our shareholders.”
As potash, phosphate and nitrogen prices continued to rise during the quarter, the company was able to generate better margins, and gross margins nearly double as a result.
I saw the article below and remembered seeing this thread awhile back. Thought I'd share. Good luck all.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) reported quarterly earnings this morning that were markedly better than what Wall Street was expecting, and shares are moving higher this morning as a result.
The Canada-based company reported second quarter earnings of 96 cents per share on $2.33 billion in revenues. Wall Street was looking for earnings of 85 cents per share on $2 billion in revenues. Revenues soared year-over-year, rising 61.8% from last year. The company also gave guidance for the third quarter, saying it expects to earn anywhere between 80 cents and $1 per share, as opposed to the Wall Street estimate of 89 cents. For the full year, the company expects to earn $3.40 to $3.80 per share. Wall Street expects full year earnings of $3.43 per share.
“The continuation of strong fertilizer demand combined with the limitations of global production, especially in potash, resulted in tight fertilizer markets and rising prices for our products,” said PotashCorp President and Chief Executive Officer Bill Doyle. “With farmers committed to increasing yields and capitalizing on the unprecedented economic opportunity, we worked to keep pace with growing demand, which resulted in a record quarter for our company. We believe our ongoing investment in expanding potash operational capability is playing an integral role in the world's food story, and we demonstrated our increased ability to deliver – for our customers and our shareholders.”
As potash, phosphate and nitrogen prices continued to rise during the quarter, the company was able to generate better margins, and gross margins nearly double as a result.
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