Mosaic Still Positive; Agrium Boosts 2012 Outlook

Although lower phosphate prices weighed on Mosaic’s fiscal fourth-quarter results, the company announced it still beat Wall Street estimates and will double its annual dividend. The company posted net earnings of $507 million for the quarter ended May 31, 2012, down 22% from the year-ago quarter. Excluding special items, the company posted earnings of $1.19/share, exceeding analysts’ estimates of $1.15/share, as reported by Thomson Reuters (New York). Sales were flat at $2.8 billion. “The extended spring season in North America, along with...

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