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Mosaic's (MOS) Q1 Earnings Top Estimates, Revenues Lag
MOSMosaic(MOS) Zacks Investment Research·2024-05-02 16:16

The Mosaic Company (MOS) reported a net income of 45.2millionor14centspershareinfirst−quarter2024,downfromaprofitof45.2 million or 14 cents per share in first-quarter 2024, down from a profit of 434.8 million or 1.28pershareintheyear−agoquarter.Barringone−timeitems,adjustedearningspersharewere65cents,beatingtheZacksConsensusEstimateof60cents.Netsalesdeclinednearly261.28 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 65 cents, beating the Zacks Consensus Estimate of 60 cents.Net sales declined nearly 26% year over year to 2,679.4 million in the quarter. The metric lagged the Zacks Consensus Estimate of 2,825.7million. SegmentHighlightsNetsalesinthePotashsegmentwere2,825.7 million. Segment HighlightsNet sales in the Potash segment were 64 ...