Mosaic Co. Earnings: Here’s Why Investors are Buying Shares Now
Mosaic Co. (NYSE:MOS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.75%.
Mosaic Co. Earnings Cheat Sheet
Revenue: Decreased 4.55% to $2.69 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mosaic Co. reported adjusted EPS income of $1.14 per share. By that measure, the company beat the mean analyst estimate of $1.12. It beat the average revenue estimate of $2.54 billion.
Quoting Management: “Our focus on planning and execution paid off, with Mosaic achieving record potash and strong phosphate shipments during the quarter,” said Jim Prokopanko, President and Chief Executive Officer of Mosaic. “Mosaic delivered outstanding results despite difficult external factors such as the late and compressed North American spring planting season, and additional logistical challenges. The long-term outlook for Mosaic remains compelling, and we are executing well to capture the opportunity.”
Key Stats (on next page)…
Revenue increased 20.16% from $2.24 billion in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)