Mosaic misses by $0.05, misses on revs (42.70)
Reports Q3 (Sep) earnings of $0.54 per share, $0.05 worse than the Capital IQ Consensus Estimate of $0.59; revenues rose 17.9% year/year to $2.25 bln vs the $2.31 bln consensus.
Highlights:
Guidance:
Highlights:
- Phosphate results- Average DAP Selling Price $461, 3Q14 guidance- $440 to $470; actual sales volume 3.3 mln tonnes, 3Q14 guidance- 3.3 to 3.6 mln tonnes
- Potash results- Average MOP Selling Price $291, 3Q14 guidance- $275 to $295, actual sales volume 1.8 mln tonnes, 3Q14 guidance 1.8 to 2.0 mln tonnes.
Guidance:
- Total sales volumes for the Phosphates segment are expected to range from 2.5 to 2.8 mln tonnes for Q4 r of 2014, compared to 3.4 mln tonnes last year. Mosaic's realized DAP price, FOB plant, for Q4 is estimated to range from $430 to $450 per tonne.
- Total sales volumes for the Potash segment are expected to range from 2.0 to 2.3 mln tonnes for Q4 of 2014, compared to 1.9 mln tonnes last year. Mosaic's realized MOP price, FOB plant, for Q4, is estimated to range from $275 to $295 per tonne.