Mosaic (MOS) Reducing Estimates, Raising PT - PiperJaffray
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The Mosaic Company Reports First Quarter 2016 Results
May 4, 2016 6:30 AM EDTPLYMOUTH, Minn., May 4, 2016 /PRNewswire/ --Â The Mosaic Company (NYSE: MOS) today reported first quarter 2016 net earnings of $257 million, down from $295 million in the first quarter of 2015. Earnings per diluted share were $0.73 and included a positive impact of $0.59 from notable items, primarily related to currency and tax benefits. Mosaic's net sales in the first quarter of 2016 were $1.7 billion, down from $2.1 billion last year, reflecting lower prices as well as lower potash sales volumes. Operating earnings during the quarter were $163 million, down from $319 million a year ago, as the lower net sales were... More
