Mosaic Profit Misses, Pushing Shares Sharply Lower

Reuters reported that lower than expected profits caused the share price of Mosaic Corp. (NYSE:MOS) to drop.

The market news is quoted as saying:

For the first fiscal quarter ended August 31, Mosaic reported net income of $526 million, or $1.17 per share, compared with $297.7 million, or 67 cents per share, a year earlier. Dahlman Rose & Co analyst Charles Neivert had expected the company to report $1.34 per share.

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