Mosaic's (MOS) Earnings And Sales Trail Estimates In Q2
Zacks Investment Research | Aug 05, 2019 09:41PM ET
The Mosaic Company (NYSE:MOS) swung to a net loss of $233.1 million or 60 cents per share in second-quarter 2019 from a profit of $67.9 million or 18 cents in the year-ago quarter. The bottom line includes $284 million noncash after-tax charge related to the permanent closure of the Plant City phosphate facility.
Barring one-time items, adjusted earnings per share (EPS) of 12 cents missed the Zacks Consensus Estimate of 30 cents.
Net sales fell roughly 1.3% year over year to $2,176.9 million in the quarter. The figure trailed the Zacks Consensus Estimate of $2,252.3 million.
Per the company, wet weather conditions in the Midwest United States affected North American spring fertilizer sales volume and phosphates margin.
The Mosaic Company Price, Consensus and EPS Surprise
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