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Mosaic: 1Q Earnings Snapshot

PLYMOUTH, Minn. (AP) _ Mosaic Co. (MOS) on Monday reported first-quarter net income of $130.8 million.

On a per-share basis, the Plymouth, Minnesota-based company said it had net income of 34 cents. Earnings, adjusted for non-recurring gains, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The fertilizer maker posted revenue of $1.9 billion in the period.

Mosaic expects full-year earnings in the range of $1.50 to $2 per share.

Mosaic shares have fallen 13% since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. In the final minutes of trading on Monday, shares hit $25.27, a fall of nearly 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOS at https://www.zacks.com/ap/MOS