By The Canadian Press, April 27, 2017
Company has raised profit estimates for 2017
Potash Corporation says demand for its main product is expected to be strong for the remainder of the year and its 2017 earnings outlook has improved since January.
PotashCorp now expects between 45 and 65 cents per share of profit this year, about 25 per cent better than its previous estimate.
The Saskatoon-based fertilizer producer, which reports its results in U.S. dollars, says its first quarter revenue was down by eight per cent at $1.11 billion but that was offset by higher margins for potash.