UPDATE: Mosaic Posts Lower Q4 Profit

Mosaic Co 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.