Mosaic Co. Earnings: Here’s Why the Stock is Up Now
Mosaic Co. (NYSE:MOS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.83%.
Mosaic Co. Earnings Cheat Sheet
Revenue: Rose 2.33% to $2.24 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Mosaic Co. reported adjusted EPS income of $0.88 per share. It missed the average revenue estimate of $2.54 billion.
Quoting Management: “As we emerge from the traditionally slow third fiscal quarter, we are seeing strong demand and improving sentiment in most of our geographies,” said Jim Prokopanko, President and Chief Executive Officer of Mosaic. “Global farm economics remain compelling, with continuing attractive commodity prices and low costs for critical crop inputs. Economic and demographic trends are extremely promising for Mosaic, and the Company’s long-term prospects are excellent.”
Key Stats (on next page)…
Revenue decreased 11.66% from $2.54 billion in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)