BUZZ-Mosaic falls after Q1 profit miss, withdraws 2026 phosphate forecast
Mosaic Company
Mosaic Company MOS | 0.00 |
** Shares of fertilizer maker Mosaic MOS.N fall 4.7% to $21.15 premarket
** MOS posts Q1 adjusted profit of 5 cents/share vs estimate of 24 cents/share - data compiled by LSEG
** Company withdraws its phosphate production guidance for 2026 as it reviews its operating plan for the rest of the year
** MOS to partially curtail production at Louisiana and Bartow and is scaling back additional production in Brazil
** Company adjusts its 2026 capex forecast to $1.25 billion from about $1.5 billion previously
** MOS reports Q1 loss of $258 million, compared with year-ago profit of $238 million
** Up until last close, stock down 7.9% YTD
