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Mosaic: Q1 Earnings Snapshot

By AP News - May 03, 2023, 04:33 PM ET
Last Updated - Jun 21, 2023, 11:15 PM EDT
Mosaic: Q1 Earnings Snapshot

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Mosaic Co. (MOS) on Wednesday reported first-quarter net income of $434.8 million.

The Tampa, Florida-based company said it had net income of $1.28 per share. Earnings, adjusted for non-recurring gains, came to $1.14 per share.

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The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The fertilizer maker posted revenue of $3.6 billion in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $3.34 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a MOS">Zacks stock report on MOS at https://www.zacks.com/ap/MOS

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