Mosaic fourth-quarter profit slips on weaker fertilizer prices

July 16 Tue Jul 16, 2013 7:14am EDT

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.