Investing.com - Mosaic reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mosaic announced earnings per share of $-0.06 on revenue of $1.8B. Analysts polled by Investing.com anticipated EPS of $-0.08 on revenue of $1.64B. That with comparison to EPS of $0.25 on revenue of $1.9B in the same period a year before.Mosaic had reported EPS of $-0.29 on revenue of $2.08B in the previous quarter.Analysts are expecting EPS of $0.04 and revenue of $1.94B in the upcoming quarter.
Mosaic shares are down 49% from the beginning of the year and are trading at $10.99 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.39% year to date.
Mosaic shares gained 0.09% in after-hours trade the report.
Mosaic follows other major Basic Materials sector earnings this month
Mosaic's report follows an earnings missed by Air Products on April 23, who reported EPS of $2.04 on revenue of $2.22B, compared to forecasts EPS of $2.08 on revenue of $2.16B.
Sherwin-Williams had beat expectations on Wednesday with first quarter EPS of $4.08 on revenue of $4.15B, compared to forecast for EPS of $3.92 on revenue of $4.13B.
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