Benzinga | Nov 2, 2020 04:56PM EST

Mosaic: Q3 Earnings Insights

Shares of Mosaic (NYSE:MOS) decreased 3.17% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 187.50% over the past year to $0.23, which beat the estimate of $0.17.

Revenue of $2,382,000,000 decreased by 13.48% year over year, which missed the estimate of $2,450,000,000.

Guidance

Mosaic hasn't issued any earnings guidance for the time being.

Mosaic hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $22.50

52-week low: $6.50

Price action over last quarter: Up 18.80%

Company Overview

Formed in 2004 by the combination of IMC Global and Cargill's fertilizer business, Mosaic is a leading producer of primary crop nutrients phosphate and potash. The company's assets include phosphate rock mines in Florida and potash mines in Saskatchewan and New Mexico. With the purchase of assets from Vale, Mosaic added significantly to its phosphate production capacity and Brazilian footprint.