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UPDATE: Mosaic Posts Lower Q4 Profit

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Mosaic Co (NYSE: MOS) reported a 79% drop in its fourth-quarter earnings.

Mosaic's quarterly earnings declined to $128.9 million, or $0.30 per share, from a year-ago profit of $615.7 million, or $1.44 per share. Its adjusted earnings came in at $0.36 per share, versus analysts' estimates of $0.44 per share.

Its net sales slipped 7.9% to $2.18 billion.

Mosaic shares gained 0.49% to $47.05 in pre-market trading.

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