Company News

BUZZ-Mosaic slips on profit miss, Nutrien gains from forecast

** U.S. fertilizer company Mosaic’s shares down 3.7 pct at $26.56 after posting smaller-than-expected Q1 profit

** U.S.-listed shares of Canadian peer Nutrien up 2.4 pct at $47.35 as the company raised its 2018 EPS forecast despite Q1 profit missing estimates

** Both Mosaic and Nutrien’s Q1 hurt by delayed spring and transportation bottlenecks in Canada

** Nutrien, formed by the merger of Agrium Inc and Potash Corp of Saskatchewan in Jan, raised low end of its FY18 EPS forecast to $2.20 from $2.10, keeping top end unchanged at $2.60

** Toronto-listed shares of Nutrien up ~1 at C$60.59

** MOS shares up 5.7 pct this year (Reporting by Shreyashi Sanyal in Bengaluru)