UPDATE: Mosaic Posts 22% Drop In FQ4 Profit, Raises Dividend
Mosaic Co (NYSE: MOS) posted a 22% decline in its fiscal fourth quarter profit.
Mosaic's quarterly net income dropped to $507.3 million, or $1.19 per share, from $649.2 million, or $1.45 per share, in the year-ago period.
Its revenue declined around 1% to $2.82 billion, versus analysts' estimates of $2.55 billion.
It lifted its quarterly dividend to $0.25 per share from 12.5 cents per share.
Mosaic shares rose 2.94% to $57.00 in pre-market trading.
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