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Youku.com, Mosaic: After-Hours Trading

NEW YORK ( TheStreet) -- Youku.com (YOKU - Get Report) shares surged in extended trading on Tuesday after the China-based Web television company said it's reached a deal with Warner Bros. Studios to stream the film "Inception" through its Youku Premium on-demand service.

The company said the agreement gives it both online on-demand broadcast rights and online resale rights to the film. Financial terms weren't disclosed.



Shares of Youku.com were last quoted at $38.67, up 8.5%, on volume of around 205,000, according to Nasdaq.com. The company is a recent entry to U.S. public markets, making its debut on Dec. 8 with the sale of almost 16 million common shares at $12.80 each, above a projected range $9-$11 per share.

Mosaic Co.

One of the most heavily traded issues in after-hours action was Mosaic Co. (MOS - Get Report), which gained ground after reporting better than expected earnings for its latest quarter.

The Plymouth, Minn.-based provider of concentrated phosphate and potash crop nutrients posted a profit of $1.03 billion, or $2.29 a share, for its fiscal second quarter ended on Nov. 30. These results included an after-tax gain of $570 million, or $1.28 a share, from an asset sale. On an operating basis, Mosaic said it earned $658.2 million in the latest quarter, well ahead of earnings of $200.1 million on the same basis last year, largely because of higher phosphate selling prices and increased potash volumes.

Backing out the gain, Mosaic earned $1.01 per share in the latest quarter. Sales leapt to $2.67 billion in the latest quarter from $1.71 billion a year ago, and gross margins swelled to 29% from 18% last year. The average estimate of analysts polled by Thomson Reuters was for earnings of 91 cents a share on revenue of $2.42 billion in the November period.

Not surprisingly, management was sounding an optimistic tone.

"Mosaic is on pace for an outstanding year in fiscal 2011," said Jim Prokopanko, the company's president and CEO. He continued: "Market conditions are excellent and we are beginning calendar 2011 against a backdrop of expected record phosphate and potash demand, low producer inventories and a very lean global distribution pipeline."

The stock was last quoted at $77.52, up 3.4%, with volume running above 650,000. Mosaic is coming off a strong 2010 when the shares appreciated roughly 24%, and Wall Street was in wait-and-see mode ahead of the report with 13 of the 21 analysts covering the stock at hold (11), underperform (1) or sell (1), and the median 12-month price target for the stock sitting at $75.

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