Mosaic (MOS) Reports Mixed Q1 Earnings; Lowers FY09 Phosphate Sales Volume
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The Mosaic Company (NYSE: MOS) reports Q1 EPS of $2.65, which includes charges and so many not compare to the analyst estimate of $2.94. Revenues for the quarter were $4.3 billion, versus the consensus of $4.11 billion.
Reaffirms forecast for sales volume. Phosphate sales volume for FY09 has been reduced to 8-9 million tonnes. Potash sales guidance is unchanged at 8.2-8.6 million tonnes.
The Mosaic Company engages in the production and marketing of concentrated phosphate and potash crop nutrients for the agriculture industry worldwide.
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