Mosaic reports lower than expected first quarter earnings

Filed under: Earnings reports, Bad news, Market matters, Agriculture

Agricultural manufacturer Mosaic Co. (NYSE: MOS) is trading slightly lower in after hours trading this afternoon after the company posted lower than expected earnings for its fiscal first quarter.

Going into this afternoon's release, analysts had been expecting to see the company show earnings of 35 cents per share, but the company came in well below this estimate, with actual earnings of just 23 cents per share. During the same period last year the company had earnings of $2.65 per share.

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Mosaic reports lower than expected first quarter earnings originally appeared on BloggingStocks on Mon, 05 Oct 2009 17:20:00 EST. Please see our terms for use of feeds.

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