Oct 29 (Reuters) - Potash Corp POT.TO :
* Reports 2015 third-quarter earnings of $0.34 per share
* Q3 earnings per share $0.34
* Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S
* Sees FY 2015 earnings per share $1.55 to $1.65
* Says preparing for closure of penobsquis mine and inventory shutdowns at
cory, allan and lanigan
* Qtrly phosphate average realized price $538 per tonne versus $517 per tonne
* Sees FY Potash sales volumes of 9.0-9.2 million tonnes
* Average realized price for nitrogen of $319 per tonne during quarter declined
from $356 per tonne in the same period last year
* Sees FY capital expenditures of about $1.2 billion
* Qtrly phosphate sales volumes 0.8 million tonnes versus 0.7 million tonnes
* Global Potash demand remained strong in Q3 as higher volumes to Brazil, India
and China helped offset slower purchasing in other markets
* With many buyers moving cautiously amidst economic headwinds & significant
currency volatility, prices declined in most key Potash markets
* In nitrogen, Q3 prices for nearly all products were lower compared to Q3 2014
as market fundamentals weakened
* Q3 Potash sales volumes 2.2 million tonnes versus 2 million tonnes last year
* In phosphate, markets for solid fertilizer remained relatively stable in Q3
* Says revised full-year expectations for Potash business, lowered sales volume
guidance
* Says despite broad economic uncertainty, we continue to see strong underlying
consumption trends across most key Potash markets
* Q3 Potash average realized sales price per mt of $250 versus $281 per tonne
last year
* Maintain forecast for 2015 global shipments of 58 to 60 million
tonnes,although no longer expect they will reach the high end of this range
* In North America, cautious buying patterns in Q3 are expected to keep total
Potash shipments for the year below 2014 levels
* Q3 sales $1,529 million versus $1,641 million
* In China, sees encouraging consumption trends for compound fertilizers and
bulk blends to support healthy demand through Q4
* Says in India, remain encouraged by rising consumption trends for compound
fertilizers, even in the absence of subsidy reform
* Says moving forward permanent closure date of penobsquis mine and planning
inventory shutdowns in December at three Saskatchewan mines
* Says "while we anticipate production in the fourth quarter to be reduced by
nearly 500,000 tonnes, we do not expect employee layoffs"
* In Latin America, credit challenges and currency volatility are likely to
result in FY Potash demand below last year's record level
* Sees FY Potash gross margin $1.4-$1.5 billion; sees FY nitrogen and phosphate
gross margin $1.0-$1.1 billion
* Q3 revenue view $1.45 billion -- Thomson Reuters I/B/E/S
* FY 2015 earnings per share view $1.74 -- Thomson Reuters I/B/E/S
* Source text for Eikon ID:nCNWcCh2La
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