July 30 (Reuters) - Potash Corp POT.TO :
* Reports second-quarter 2015 earnings of $0.50 per share
* Q2 earnings per share $0.50
* Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S
* Sees FY 2015 earnings per share $1.75 to $1.95
* Sees Q3 earnings per share $0.35 to $0.45
* Earnings for the quarter hit the midpoint of our guidance range but trailed
last year's total, primarily due to weaker nitrogen prices"
* While we have faced some near-term market headwinds, we are encouraged by the
strength of global Potash demand"
* Sees FY capital expenditures about $1.2 billion
* Sees FY Potash sales volumes 9.3-9.6 million tonnes
* Says global Potash shipments remained strong during the second quarter,
especially to China and India
* Q2 sales $1.73 billion versus $1.89 billion last year
* Says expectations of global Potash demand remain unchanged as we anticipate
2015 shipments of approximately 60 million tonnes
* Says in India, Potash demand continues to improve without meaningful subsidy
change
* Says maintain combined nitrogen and phosphate gross margin estimate of
$1.0-$1.2 billion in 2015
* Nitrogen average realized price of $334 per tonne during the quarter declined
from the $393 per tonne in the same period last year
* Q2 Potash sales volumes 2.5 million tonnes versus 2.5 million tones last year
* Says phosphate sales volumes of 0.7 million tonnes for the quarter
* Q2 Potash average realized sales price per mt $273 versus $263 last year
* Says in North America, demand for summer-fill program has been strong
* Says in Latin America, we anticipate strong third-quarter demand ahead of its
key planting season
* In China, strong shipments are expected through second half as suppliers
deliver against significant annual contracted volumes
* Lowered the upper end of FY previous Potash gross margin range, now forecast
at $1.5-$1.7 billion
* Source text for Eikon ID:nPn31cvd5
* Further company coverage POT.TO