Key Takeaways
- The Mosaic Company missed third-quarter profit and revenue estimates as its operations were impacted by recent hurricanes.
- Volumes at its potash, phosphate, and Mosaic Fertilizantes segments all fell.
- The fertilizer maker said CFO Clint Freeland would retire at the end of the year.
The Mosaic Company (MOS) was the biggest decliner in the 澳洲幸运5官方开奖结果体彩网:S&P 500 Tuesday afternoon, with shares tumbling more than 8%, after the fertilizer maker missed third-quarter profit and revenue estimates as its operations were impacted by recent hurricanes. It also annoꦰunced the r𒅌etirement of its finance chief.
Mosaic reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.38, with revenue plunging 21% year-over-year to $2.81 billion. Analysts polled by Vis💯ible Alpha were looking for $0.50 and $3.09 billion, respectively.
Potash sales tumbled 27% to $526 🃏million, as volumes declined to 2.0 million 🍸tonnes from 2.2 million tonnes. Phosphate sales were flat at $1.0 billion, but volumes slipped to 1.5 million tonnes from 1.7 million tonnes. Mosaic Fertilizantes sales were down 18% to $1.4 billion, as volumes fell to 2.9 million tonnes from 3.1 million tonnes.
澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Bruce Bodine said the company recovered "quickly from the recent 🍃weaꦦther events and other operations interruptions that impacted our third-quarter performance."
Mosaic CFO Retiring at End of Year
Mosaic said 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Clinꦗt Freeland would be retiring at the end of the year and replaced by Luciano Siani Pires, the former CFO atཧ Brazilian miner Vale.
Mosaic's shares have lost more than a quarter of their value this year.
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