Mosaic Earnings: Here’s Why Investors are Bidding Up Shares

Mosaic Co. (NYSE:MOS) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.18%.

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Mosaic Co. Earnings Cheat Sheet

Results: Net income increased to $629 million ($1.05 per diluted share) in the quarter versus a net gain of $624 million in the year-earlier quarter.

Revenue: Fell from $3 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mosaic Co. reported adjusted net income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.98. It met the average revenue estimate of $2.54 billion.