EPS & Earnings ... Hits & Misses

[madrose1]

POT $188-$199-187 earnings of $1.85 per share, $0.13 better than the Reuters Estimates consensus of $1.72; revenues rose 34.0% year/year to $1.15 bln vs the $1 bln consensus. Co issues in-line guidance for Q2, sees EPS of $2.00-2.50 vs. $2.29 consensus. Co issues in-line guidance for FY07, sees EPS of $7.50-8.50, up from previous co guidance of $6.25-7.25, vs. $7.96 consensus. CEO comments, "We believe we are at the front end of a period of significant consumption growth and strong prices for all our products. While nitrogen and phosphate have already made considerable gains, potash is only beginning its climb. With our plan to increase our potash capacity to 15.7 million tonnes by 2015, we have significant gross margin potential. This makes us very positive about the outlook for our company and our ability to deliver strong returns for our shareholders."