Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Mosaic 2Q 2013 Revenue Down, Profit Up

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Mosaic (NYSE: MOS  ) announced its fiscal 2Q 2013 results in an official release. The agricultural chemicals firm's net sales totaled $2.5 billion, and its bottom line was $629 million ($1.47 per diluted share), compared to $3.0 billion and $624 million ($1.40 EPS), respectively, in the same period the previous year.

This most recent quarter's net profit, however, was affected by a sizable tax benefit of $179 million ($0.42 per share). Operating earnings came in at just under $560 million, against 2Q 2012's $797 million.

The company attributed the operating shortfalls to prolonged contract negotiations in the key markets of India and China. On the other hand, it sounded a positive note regarding the domestic market, on which it says it's seeing strong demand "underpinned by excellent application seasons".

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2180186, ~/Articles/ArticleHandler.aspx, 9/27/2016 8:40:07 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:02 PM
MOS $23.99 Down -0.15 -0.62%
Mosaic CAPS Rating: ****