Mosaic's (MOS) Q4 Earnings Lag Estimates, Revenues Beat
MOSMosaic(MOS) Zacks Investment Research·2024-02-23 00:41

The Mosaic Company (MOS) reported a net income of 365.3millionor365.3 million or 1.11 per share in fourth-quarter 2023, down from a profit of 523.2millionor523.2 million or 1.52 per share in the year-ago quarter. Barring one-time items, adjusted earnings per share were 71 cents, missing the Zacks Consensus Estimate of 82 cents. Net sales declined nearly 29.7% year over year to 3,149.5millioninthequarter.Themetric,however,surpassedtheZacksConsensusEstimateof3,149.5 million in the quarter. The metric, however, surpassed the Zacks Consensus Estimate of 3,009.8 million. Lower selling prices primarily caused the ...