logo
Plus   Neg
Share
Email

Mosaic Slashes FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter, fertilizer company Mosaic Co. (MOS) ON Tuesday slashed its adjusted earnings guidance for the full-year 2019, primarily reflecting the impact of lower than expected sales volumes in the first half of 2019 and a slower recovery of phosphates margins.

For fiscal 2019, Mosaic cut its adjusted earnings guidance to a range of $1.10 to $1.50 per share from the prior guidance range of $1.50 to $2.00 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.58 per share for the year. Analysts' estimates typically exclude special items.

The company said the unprecedented North American spring weather is expected to drive strong nutrient demand in fall 2019 and beyond.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. National Restaurant Association is launching a campaign to help restaurants reassure customers that they stick to healthy and safe standards, as the restaurant industry is struggling amid the coronavirus outbreak. The association and its food and beverage safety training and certificate program ServSafe announced the nationwide "ServSafe Dining Commitment". Luxury electric car maker Tesla Inc. (TSLA) announced Thursday that it delivered about 90,650 vehicles in the second quarter of 2020, while producing more than 82,000 vehicles. The deliveries include 80,050 Model 3 sedans and Model Y cross-over SUVs as well as 10,600 Model S and X vehicles. The... Boy Scouts of America recalled about 78,000 units of Cub Scout outdoor activity pins for violating the federal lead content ban, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the activity pin's face and shaft contain levels of lead that exceed the federal lead content ban. Lead is toxic if ingested by young children and can cause adverse health issues.
RELATED NEWS
Follow RTT