Mosaic beats first-quarter profit estimates

Reuters
07 May
Mosaic beats first-quarter profit estimates

May 6 (Reuters) - Mosaic MOS.N beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its fertilizers business.

The Tampa, Florida‑based company reported adjusted earnings of 49 cents per share for the quarter ended March 31, compared with analysts’ average estimate of 45 cents per share, according to data compiled by LSEG.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)

((Srivastava.Vallari@thomsonreuters.com;))

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