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%.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now.
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.