Mosaic: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Mosaic (NYSE:MOS) reported its Q3 earnings results, missing estimated earnings by 10.53% with an EPS of $0.68 versus an estimate of $0.76. Revenue was down $1.80 billion from the same period last year. Last quarter, the company also missed on EPS by $0.08, which was followed by a 1.24% increase in the share price the next day.
November 07, 2023 | 9:45 pm
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Mosaic's Q3 earnings missed estimates, with a lower EPS and revenue compared to the same period last year. However, a similar miss last quarter led to a share price increase.
Mosaic's earnings miss is significant and could impact investor sentiment. However, the company's share price increased after a similar miss last quarter, suggesting that the market may have already priced in the earnings miss. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100