Mosaic (MOS) Tops Earnings Estimates in Q1, Cuts FY19 View
Anindya Barman
,Zacks•May 7, 2019
The Mosaic Company MOS logged profits of $130.8 million or 34 cents per share in the first quarter of 2019, a roughly three-fold jump from a profit of $42.3 million or 11 cents per share in the year-ago quarter. The bottom line in the reported quarter was positively impacted by foreign currency transaction gain and unrealized gain on derivatives.
Barring one-time items, adjusted earnings were 25 cents per share for the reported quarter, up from 20 cents a year ago. The results topped the Zacks Consensus Estimate of 21 cents.