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People & Business :: Earnings/Finance

Mosaic reports rise in earnings, sales on high potash demand

8:42 AM MDT | March 28, 2013 | Lindsay Frost

Increasing potash demand, especially in China and India, contributed to Mosaic’s strong quarter for the fiscal third quarter, ended 28 February—with the company reporting rises in both earnings and sales. Earnings of $345 million were up 26% year-on-year (YOY) and include a $44-million negative impact from notable items, the company says. Earnings per share of 81 cts/share were lower than analyst estimates of 88 cts/share, according to Thomson Reuters (New York). Sales were up 2%, to $2.24 billion, driven by higher potash and phosphate volumes...

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