BUZZ-SQM: Stock's biggest gain since Feb on strong results

miércoles 19 de noviembre de 2014 14:09 GYT
 

** Chilean fertilizer company's U.S.-listed shares up 5 pct at $26.40

** Stock rises a much as 6.5 pct in its biggest intraday gain since February

** Company reports 4 pct rise in Q3 core earnings, beating analysts' estimates

** Profit margins up 40 pct, helped by weaker Chilean peso and greater cost efficiencies

** SQM expected to benefit from higher potash prices following a mining production halt by Russian's Uralkali

** Mining halt boosted SQM's stock on Tuesday when it closed above its 50-day average for the first time since mid-July

** Up to Tuesday's close, stock had fallen nearly 9 pct in the last 12 months