Mosaic Q2 Adj $0.54 Misses $0.66 Estimate, Sales $2.80B Miss $2.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mosaic (NYSE:MOS) reported Q2 earnings of $0.54 per share, missing the analyst estimate of $0.66 by 18.18%. Sales were $2.80 billion, also missing the estimate of $2.93 billion by 4.57%. Both earnings and sales showed significant declines compared to the same period last year.
August 06, 2024 | 8:08 pm
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Mosaic (NYSE:MOS) reported Q2 earnings of $0.54 per share, missing the analyst estimate of $0.66 by 18.18%. Sales were $2.80 billion, also missing the estimate of $2.93 billion by 4.57%. Both earnings and sales showed significant declines compared to the same period last year.
Mosaic's Q2 earnings and sales both missed analyst estimates and showed significant year-over-year declines. This is likely to negatively impact the stock price in the short term as investors react to the weaker-than-expected financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100