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.
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