Barclays (NYSE:BCS) reiterated its "Equalweight" on The Mosaic Company (NYSE:MOS).
"Mosaic is expected to report Q1 f2011 results after the close on Monday October 4. We are forecasting earnings of $0.69/share versus consensus of $0.72/share."
The fertilizer company actually failed to meet even Barclays' estimates of 69 cents a share, as Mosaic ended with earnings of 67 cents a share for the quarter.
That was still almost three times the 23 cents a share they earned in the same quarter last year.
For the second fiscal quarter of 2011, the company projected they will sell from 3.3 million to 3.6 million tons of phosphate, and 1.6 million to 1.9 million tons of potash.
In the latest quarter they sold 3.1 million tons of phosphate and 1.7 million tons of potash, generating $2.19 billion in revenue, a significant increase over the $1.46 billion sold last year.
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