UPDATE: Mosaic Q3 Profit Declines 70%
Mosaic Co (NYSE: MOS) reported a 70% drop in its third-quarter earnings.
Mosaic's quarterly profit fell to $124.4 million, or $0.29 per share, from $417.4 million, or $0.98 per share, in the year-ago period.
Its net sales fell 28% to $1.91 billion. However, analysts were expecting earnings of $0.55 per share on sales of $1.97 billion.
Mosaic shares fell 1.82% to $45.88 in pre-market trading.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.