People & Business :: Earnings/Finance
Mosaic Posts Strong Sales, Beats Wall Street Estimates
8:31 AM MST | January 5, 2012 | Lindsey Bewley
Mosaic reported net income of $624 million ($1.40/share) for the fiscal second-quarter ended November 30, compared with $1.03 billion ($2.29/share) in the year-ago period. Despite lower earnings, the company beat analysts’ estimates of ($1.28/share), according to Thomson Reuters (New York). Sales were up nearly 13%, to $3.01 billion, driven by improved pricing for they company’s potash and phosphates products. Operating income in the company’s potash business was $358 million, up 42% from the year-ago period, on higher selling prices...
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