WASHINGTON (dpa-AFX) - Intrepid Potash Inc. (IPI) reported that its third-quarter net income was $25.51 million or $0.34 per share, compared to $11.66 million or $0.16 per share in the previous year quarter.
On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
The latest quarter result included a recognition of $0.03 per share of income, net of tax, associated with a refundable employment-related credit obtained from the State of New Mexico.
Sales for the quarter rose to $114.00 million from $91.47 million in the prior year quarter, while six analysts had consensus revenue estimate of $106.90 million for the quarter.
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