Investing.com - Mosaic reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mosaic announced earnings per share of $0.57 on revenue of $2.30B. Analysts polled by Investing.com anticipated EPS of $0.5316 on revenue of $2.24B.
Mosaic shares are up 52% from the beginning of the year and are trading at $33.70 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.62% from the start of the year.
Mosaic shares lost 3.80% in after-hours trade the report.
Mosaic follows other major Basic Materials sector earnings this month
Mosaic's report follows an earnings beat by Vale ADR on April 27, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.04 on revenue of $12.93B.
Sherwin-Williams had beat expectations on April 27 with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.52B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar