Mosaic's results for the firm's Q3 have been released. For the quarter, net sales were $2.24 billion, an improvement over the $2.19 billion in the same period the previous year. Net profit advanced to $345 million ($0.81 per diluted share) from the year-ago quarter's result of $273 million ($0.64).
The company attributed the gains to "strong demand and improving sentiment in most of our geographies."
Analysts, however, had been expecting top line of $2.29 billion, and EPS of $0.88.
In its earnings release, Mosaic also provided selected forward guidance for its costs. For its current Q4, total capex is anticipated to be $1.5 billion-$1.6 billion, and selling, general, and administrative expenses should come in at $420 million-$440 million.
The article Mosaic Q3 Sales, Net Increase originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Mosaic. The Motley Fool has no position in Mosaic. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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