Key Takeaways
- The Mosaic Company missed third-quarter profit and revenue estimates as its operations were impacted by recent hurricanes.
- Volumes at its potash, phosphate, and Mosaic Fertilizantes segments all fell.
- The fertilizer maker said CFO Clint Freeland would retire at the end of the year.
The Mosaic Company (MOS) was the biggest decliner in the 澳洲幸运5开奖号码历史查询:S&P 500 Tuesday afternoon, with shares tumbling more than 8%, after the fertilizer maker missed third-quarter profit and revenue estimates as its operations were impacted by recent hurricanes. It also announced the retirement of its f🗹inance ꦜchief.
Mosaic reported 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $0.38, with revenue plunging 21% year-over-year to $2.81 billion. Analysts polled by Visible Alpha were loo🌼king for $0.50 and $3.09 billion, respe𒆙ctively.
Potash sales tumbled 27% to $526 million, as volumes declined to 2.0 million tonnes from 2.2 million tonnes. Phosphate sales were flat at $1.0 billion, but volumes slipped to 1.5 million tonnes from 1.7 million tonnes. Mosaic Fertilizantes sales were down 18% to🌟 $1.4 billion, as volumes fell to 2.9 million tonnes from 3.1 million tonnes.
澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Bruce Bodine said the company recovered "quickly from the recent weather events and other operations interruptions that impacted ꩲour third-quarter performance."
Mosaic CFO Retiring at End of Year
Mosaic said 澳洲幸运5开奖号码历史查询:Chief Financial Officer (CFO) Clint Freeland would be retiring at the end of the year and replaced by Luciano Siani Pires, the f🔯ormer CFO at Brazilian miner Vale.
Mosaic's shares have lost more than a quarter of their value this year.
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