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Stock impact report

Why Intrepid Potash Stock Just Popped 21% [The Motley Fool]

Intrepid Potash, Inc (IPI) 
Last intrepid potash, inc earnings: 3/2 04:34 pm Check Earnings Report
Company Research Source: The Motley Fool
Earnings fall flat, but sales soar. Rich Smith ( TMFDitty ) Apr 25, 2018 at 2:00PM What happened Shares of Intrepid Potash ( NYSE:IPI ) stock are soaring, up 20.7% as of 1:20 p.m. EDT after the company reported earnings Tuesday -- but probably not because of earnings per se. Fact is, Intrepid Potash missed on earnings, reporting a penny-a-share profit instead of the $0.02 per-share profit that Wall Street had predicted it would earn. What got investors excited, more likely, was the $53.2 million in sales that Intrepid Potash reported. Intrepid sold a tall pile o' potash last quarter. Image source: Getty Images. So what Why are sales the bigger story here? Simply because of this: Wall Street analysts had been telling investors to expect Intrepid Potash to report only about $36.5 million in sales for the first quarter of 2018, a declin Show less Read more
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