Potash Corporation of Saskatchewan (TSX: T.POT, Stock Forum) Thursday reported fourth-quarter earnings of $421 million, or 48 cents per share, which compared with $683 million, or 78 cents per share, during the same period last year, this according to a company news release.
Revenue for the quarter slipped to $1.64 billion from $1.86 billion.
The Thomson Reuters consensus estimate was for earnings of 57 cents per share on $1.8 billion of revenue.
For the full year 2013, PotashCorp forecasts earnings of between $2.75 to $3.25 per share. The company also announced it will raise the quarterly dividend 33% to 28 cents per share.
"Our fourth-quarter results were adversely affected by weaker performance in all three nutrients as global fertilizer markets paused in the absence of significant immediate needs and amid lack of direction, particularly in phosphate and potash," said PotashCorp President and CEO Bill Doyle.