Potash (POT) just reported blow-out earnings for the second quarter. The company earned $905.1 million which is more than three times the $285.7 million it made last year. On an earnings-per-share basis, Potash earned $2.82 compared with just 88 cents last year.

The average estimate of the analysts who cover Potash was $2.61 a share, meaning the company demolished estimates by 21 cents a share. I was also happy to see Potash raise guidance for this quarter. Wall Street had been looking for earnings of $3.31 a share, but Potash now says it will be in a range of $3.25 to $3.75 per share. For the full year, the company expects earnings between $12 and $13 a share.