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Mosaic: 3Q Earnings Snapshot

·1 min read

TAMPA, Fla. (AP) _ Mosaic Co. (MOS) on Monday reported a loss of $6.2 million in its third quarter.

On a per-share basis, the Tampa, Florida-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, came to 23 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The fertilizer maker posted revenue of $2.38 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.41 billion.

Mosaic shares have declined nearly 10% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. In the final minutes of trading on Monday, shares hit $19.56, a fall of nearly 2% in the last 12 months.

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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