Mosaic’s Q2 Profit Easily Beats View (MOS)

Filed in dividend, Gold Bullion prices, Mosaic, o, revenue, shares by on January 5, 2011 0 Comments

Fertilizer maker The Mosaic Company ( MOS ) late Tuesday posted a much higher-than-expected fiscal second quarter profit, sending its shares higher in aftermarket trading. The Plymouth, MN-based company reported fiscal second quarter net income of $1.03 billion, or $2.29 per share, compared with $107.8 million, or 24 cents per share, in the year-ago period. Excluding a massive one-time gain, adjusted profit was $1.01 per share. Revenue surged 56% from last year to $2.67 billion, driven by higher fertilizer prices. On average, Wall Street analysts expected a smaller profit of 91 cents per share, on lower revenue of $2.44 billion. Mosaic shares rose $2.65, or +3.5%, in premarket trading Wednesday. The Bottom Line Shares of Mosaic ( MOS ) have a .27% dividend yield, based on last night’s closing stock price of $75. The stock has technical support in the $70 price area. If the shares can firm up, we see overhead resistance around the $80 price level. The Mosaic Company ( MOS ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Mosaic’s Q2 Profit Easily Beats View (MOS)

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