Investing.com - Mosaic reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mosaic announced earnings per share of $3.64 on revenue of $5.37B. Analysts polled by Investing.com anticipated EPS of $3.99 on revenue of $5.68B.
Mosaic shares are up 30% from the beginning of the year and are trading at $50.17 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.59% from the start of the year.
Mosaic shares lost 2.37% in after-hours trade the report.
Mosaic follows other major Materials sector earnings this month
Mosaic's report follows an earnings matched by Air Liquide ADR on Thursday, who reported EPS of $0.5406 on revenue of $7.43B, compared to forecasts EPS of $0.5406 on revenue of $7.32B.
Sherwin-Williams had missed expectations on Wednesday with second quarter EPS of $2.41 on revenue of $5.87B, compared to forecast for EPS of $2.77 on revenue of $6.03B.
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