Market Overview

UPDATE: Mosaic Posts 22% Drop In FQ4 Profit, Raises Dividend

Related MOS
RBC Downgrades Mosaic Co On Flat Demand, Higher Costs
UPDATE: Bank Of America Reiterates On Mosaic Co. On Strong Demand, Modest Price

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.

Posted-In: profitEarnings News Dividends


Related Articles (MOS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters