Mosaic Posts Higher Than Expected Quarterly Profit

Globe and Mail reported that Mosaic Corp. (NYSE:MOS) reported quarterly profits that beat estimates.

As quoted in the market news:

For the fiscal second quarter ended Nov. 30, the company earned $623.6-million (U.S.) or $1.40 a share, compared with $1.03-billion or $2.29 in the year-ago period. Analysts expected earnings of $1.28 a share, according to Thomson Reuters IBES.

Click here to read the full Globe and Mail report.