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Late Friday, Potash Corp. (NYSE: POT) cut its 2009 earnings guidance due to "lower than forecasted potash sales volumes" stemming from "slow demand and limited restocking by fertilizer distributors around the world." The fertilizer company now forecasts earnings between $3.25 and $3.75 per share, down from an earlier forecast of $4 to $5 per share. The company also expects third-quarter, per-share earnings to hit at the low end of its determined range between 80 cents and $1.20. The consensus estimate calls for 93 cents per share.

POT had been a stellar performer, hitting a high in the $120 region earlier this year. However, the stock is now in the process of bouncing between the $84 level and its 20-week moving average. The current situation is currently better than the way 2008 ended.

Continue reading Potash Corp. lowers its earnings forecast

Potash Corp. lowers its earnings forecast originally appeared on BloggingStocks on Mon, 21 Sep 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fertilizerinthenewslower saleslower sales volumelowered forecastLoweredForecastLowerSalesLowerSalesVolumeMOSMosaicpotpotashMon, 21 Sep 2009 10:30:00 EST<![CDATA[Caterpillar shares dig lower after its earnings report]]>http://www.bloggingstocks.com/2009/04/21/caterpillar-shares-dig-lower-after-its-earnings-report/http://www.bloggingstocks.com/2009/04/21/caterpillar-shares-dig-lower-after-its-earnings-report/http://www.bloggingstocks.com/2009/04/21/caterpillar-shares-dig-lower-after-its-earnings-report/#commentsFiled under: ,

Dow component Caterpillar (NYSE: CAT) appears to be in for a rough day after reporting a first-quarter loss of 19 cents per share. This was the first quarterly loss for the earth mover since 1992. Moreover, a year ago, CAT earned $1.45 per share in the first quarter.

Excluding charges stemming from CAT's workforce reduction, the quarterly earnings would have totaled 39 cents per share -- far better than expectations. Quarterly sales dropped 22% to $9.22 billion, again topping the consensus estimate for $8.33 billion.

Continue reading Caterpillar shares dig lower after its earnings report

Caterpillar shares dig lower after its earnings report originally appeared on BloggingStocks on Tue, 21 Apr 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>catcaterpillardow jonesdow jones industrialDowJonesDowJonesIndustrialearningsearnings disappointmentearnings forecastEarningsDisappointmentEarningsForecastinthenewslowered forecastLoweredForecastTue, 21 Apr 2009 10:20:00 EST