Israel Chemicals Posts Drop In Q3 Profit

Israel Chemicals

reported a fall in its third-quarter profit. ICL's quarterly adjusted net profit declined to $196 million, from a year-ago profit of $395 million. Its revenue dropped to $1.45 billion from $1.76 billion. However, analysts were expecting earnings of $188.4 million on revenue of $1.46 billion. ICL's potash production rose 9% to to 1.27 million tonnes. ICL shares closed at $8.47 yesterday.