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Mosaic's Earnings Rise on Improved Phosphate and Potash Sales Volumes

4:04 AM MDT | April 1, 2010 | Kerri Walsh

Improved phosphate and potash sales volumes drove up Mosaic’s earnings for the company’s fiscal third quarter ended February 28. Earnings were $222.6 (50 cts/share) compared to earnings of $58.8 million in the year-ago period. Operating income was $3888.9 million compared to $43.7 million because of stronger phosphate and potash demand as well as lower phosphate raw material costs. Those gains, however, were partially offset by lower selling prices, Mosaic says. Sales jumped 26%, to $1.7 billion.  The global phosphate market continued its...

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