Mosaic Beats Forecasts with Surge in North American Sales

Bloomberg reported that Mosaic Co. beat forecasts with their Q2 profits, mostly due to an uptick in North American sales.

As quoted in the market report:

 Net income rose to $1.47 a share in the three months through November from $1.40 a year earlier, Plymouth, Minnesota- based Mosaic said today in a statement. Profit excluding a tax benefit and a foreign-exchange loss was $1.02 a share, surpassing the 88-cent average of 11 estimates compiled by Bloomberg. Sales declined 16 percent to $2.54 billion, more than the $2.51 billion average of 12 estimates.

To view the whole Bloomberg report, click here.