Mosaic climbs on prospects
The fertilizer maker reported earnings early Fri. that topped analysts' Q2 estimates. But int'l distributors delayed purchases, and it expects lower profit margins this quarter. Investors shrugged the guidance off, and took shares higher. Mosaic's (MOS) Q2 EPS fell 25% to $1.05, beating by 12 cents. Sales dipped 16% to $2.54 bil, below projections. Shares rose 3.3% to 58.62.