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Tuesday, November 3, 2020

Mosaic (MOS) reported earnings on Tue 3 Nov 20 (b/o)

** charts after earnings ** 



 





Mosaic beats by $0.06, reports revs in-line
  • Reports Q3 (Sep) earnings of $0.23 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $0.17; revenues fell 13.5% year/year to $2.38 bln vs the $2.37 bln S&P Capital IQ Consensus.
    • Total sales volume in the third quarter was 3 percent higher than the same period one year ago.
  • "Prices and demand for our products are recovering in 2020, positioning us to benefit from strong price realization in the fourth quarter in addition to our improved cost profile. With improving grain and oil seed prices and limited inventories of fertilizer in all channels, we expect strong business conditions to continue into 2021."
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