Volume Spike Investor

Potash Corp. of Saskatchewan (NYSE: POT) posted earnings: $0.82 EPS vs. $0.81 estimates; on a 64% revenue drop to $1.1 billion.  The fertilizer and potash giant is lowering guidance: Q4 EPS of $0.65 to $0.85 EPS vs. $1.18 EPS estimates.  The company noted that the uncertainty among fertilizer buyers has lasted far longer than the company anticipated.  It did note that these conditions cannot go indefinitely, but shares are lower as a result of guidance.  Right after the open, at 9:31 AM EST we have seen 400,000 shares trade hands vs. 6.7 million on average and shares are down not even 2% at $100.60.  We’d expect over 10 million shares today as the drop here is not as bad as you’d guess. -JON OGG