Mosaic: 3Q Earnings Snapshot
PLYMOUTH, Minn. (AP) _ Mosaic Co. (MOS) on Monday reported a third-quarter loss of $44.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Plymouth, Minnesota-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs, came to 8 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The fertilizer maker posted revenue of $2.75 billion in the period.
Mosaic expects full-year earnings in the range of 50 cents to 60 cents per share.
Mosaic shares have fallen 27% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 23%. In the final minutes of trading on Monday, shares hit $21.35, a decrease of 33% in the last 12 months.