Mosaic reports Q3 adjusted EPS $1.04, consensus 95c

Reports Q3 revenue $3.5B, consensus $3.53B. The company said, “”Mosaic (MOS) generated strong earnings despite operational and market challenges in the third quarter. Our business in Brazil continued to perform well while navigating the ongoing credit issues in Brazilian agriculture, and we delivered solid performance in our potash business, as strong global demand pushed prices higher. In phosphates, our work to restore asset health has led to three consecutive months of higher production, and now we are focused on driving further improvements and sustainably higher operating rates. With global market access as a strategic advantage, we have the ability to capitalize on constructive agricultural and fertilizer market trends and adapt to shifting market dynamics.”