Expectations were low when Potash Corporation (POT) released its fourth-quarter and full-year earnings report, but the market didn't expect its numbers and outlook to be as abysmal as they turned out to be. A larger exposure to potash -- the demand and prices for which has spiraled lower in recent quarters -- compared to peers like Mosaic (MOS 0.26%) hit POT hard. So while Mosaic's total sales dipped only about 2% in 2015 thanks to a more resilient phosphates business, Potash suffered a 12% drop in sales during the year. As a result, Mosaic ended 2015 with flat net income while PotashCorp's net profits slumped 17%.
Unfortunately, those aren't the scariest figures that PotashCorp revealed in its earnings report. The company's outlook is even worse; and when you combine it with a dividend cut, you know there's trouble ahead. Get prepared to be shocked, as the slideshow below highlights five awful numbers from PotashCorp's report that you cannot ignore. Take a look.
The next billion-dollar iSecret
The world's biggest tech company forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here.
