Mosaic fourth-quarter profit slips on weaker fertilizer prices
July 16 (Reuters) - U.S. fertilizer company Mosaic Co on Tuesday reported lower quarterly profit on Tuesday as phosphate and potash prices slipped.
Net earnings for the fourth quarter fell to $486 million, or $1.14 per share, from $507 million, or $1.19 per share, a year ago.
Net sales declined 4.5 percent to $2.69 billion.
Analysts, on average, expected Mosaic to earn $1.13 a share on sales of $2.685 billion, according to Thomson Reuters I/B/E/S.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video