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UPDATE: Mosaic FQ3 Profit Surges 26%

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Mosaic Co (NYSE: MOS) reported a 26% rise in its fiscal third-quarter profit.

Mosaic's quarterly profit surged to $344.6 million, or $0.81 per share, from $273.3 million, or $0.64 per share, in the year-ago period.

Its revenue climbed 2.3% to $2.24 billion. However, analysts were expecting a profit of $0.88 per share on revenue of $2.29 billion.

Its gross margin rose to 25.4% from 23.8%.

Mosaic shares gained 1.43% to $59.60 in pre-market trading.

Posted-In: profitEarnings News

 

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