Mosaic's (MOS) Q1 Earnings Top Estimates, Revenues Lag

The Mosaic Company (MOS) reported a net income of $45.2 million or 14 cents per share in first-quarter 2024, down from a profit of $434.8 million or $1.28 per share in the year-ago quarter.Barring one-time items, adjusted earnings per share were 65 cents, beating the Zacks Consensus Estimate of 60 cents.Net sales declined nearly 26% year over year to $2,679.4 million in the quarter. The metric lagged the Zacks Consensus Estimate of $2,825.7 million. Segment HighlightsNet sales in the Potash segment were $64 ...