Intrepid Potash misses by $0.07, beats on revs
- Reports Q4 (Dec) loss of $0.19 per share, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus of ($0.12); revenues fell 1.4% year/year to $42.2 mln vs the $28.54 mln two analyst estimate.
- "As we look into 2017, we expect to see the full benefit of recent potash price increases and the margin benefit of solar potash tons. We have placed Trio tons in strategic locations both domestically and abroad and believe we are well-positioned to capitalize on a strong spring season. Moving forward, we remain focused on selectively selling potash into high-margin opportunities, expanding our global presence for Trio, improving our overall cost profile, and optimizing our asset portfolio.