Investing.com - Mosaic reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Mosaic announced earnings per share of $2.41 on revenue of $3.92B. Analysts polled by Investing.com anticipated EPS of $2.4 on revenue of $4.09B.
Mosaic shares are up 58% from the beginning of the year and are trading at $60.70 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
Mosaic shares lost 2.72% in after-hours trade the report.
Mosaic follows other major Materials sector earnings this month
Mosaic's report follows an earnings beat by Vale ADR on Wednesday, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.838 on revenue of $11.66B.
Sherwin-Williams had beat expectations on April 26 with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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