Mosaic's (MOS) Q4 Earnings Lag Estimates, Revenues Beat

The Mosaic Company (MOS) reported a net income of $365.3 million or $1.11 per share in fourth-quarter 2023, down from a profit of $523.2 million or $1.52 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 71 cents, missing the Zacks Consensus Estimate of 82 cents.Net sales declined nearly 29.7% year over year to $3,149.5 million in the quarter. The metric, however, surpassed the Zacks Consensus Estimate of $3,009.8 million. Lower selling prices primarily caused the do ...