Intrepid Potash Earnings: Here’s Why the Stock is Up Now
Intrepid Potash, Inc. (NYSE:IPI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.16%.
Intrepid Potash, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25.93% to $0.2 in the quarter versus EPS of $0.27 in the year-earlier quarter.
Revenue: Decreased 11.53% to $99.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Intrepid Potash, Inc. reported adjusted EPS income of $0.2 per share. By that measure, the company beat the mean analyst estimate of $0.19. It beat the average revenue estimate of $90.84 million.
Quoting Management: “Our team delivered strong first quarter results, which have us off to a solid start this year,” said Bob Jornayvaz, Intrepid`s Executive Chairman of the Board. “We developed and continue to utilize a deliberate approach to growing our customer base by diversifying our product offerings, adding marketing flexibility, leveraging our geographic advantage, and building strong relationships.
Key Stats (on next page)…