Investing.com - Mosaic reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mosaic announced earnings per share of $0.11 on revenue of $2.04B. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $1.84B.
Mosaic shares are down 37% from the beginning of the year and are trading at $13.68 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.98% from the start of the year.
Mosaic follows other major Basic Materials sector earnings this month
Mosaic's report follows an earnings beat by Air Products on July 23, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Sherwin-Williams had beat expectations on July 28 with second quarter EPS of $7.1 on revenue of $4.6B, compared to forecast for EPS of $5.69 on revenue of $4.55B.
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