Seeking Alpha
0
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Potash Corp. Dividend Hike Positive, But Challenges Remain

Potash Corporation of Saskatchewan (NYSE:POT) reported better than expected quarterly results and raised its dividend by 9%, but the outlook remains challenging. The company reported 4Q14 EPS of $0.49, above consensus estimates of $0.46 and at the upper end of the company's own guidance range of $0.42-$0.52. Potash Corporation's strong results were similar to Mosaic's (NYSE:MOS) positive 4Q14 pre-announcement last month. Potash Corp.'s impressive quarterly results were driven by strong potash shipments, better average prices, and lower costs per ton. The company expects 2015 EPS to be in the range of $1.90-$2.20, compared to consensus estimates of…