Credit Suisse Downgrades Mosaic (MOS) to Underperform
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The Mosaic Company Reports Second Quarter 2016 Results
August 2, 2016 6:45 AM EDTPLYMOUTH, Minn., Aug. 2, 2016 /PRNewswire/ -- The Mosaic Company (NYSE: MOS) today reported a second quarter 2016 net loss of $10 million, down from net earnings of $391 million in the second quarter of 2015. Results in the quarter included after-tax charges of $69 million related to actions the Company has taken to lower spending on capital projects and reduce expenses. Net loss per share was $0.03 and included a negative impact of $0.09 from notable items.
Mosaic's net sales in the second quarter of 2016 were $1.7 billion, down from $2.5 billion last year, reflecting lower potash and phosphate prices... More
