This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Share Buybacks Impress Mosaic Company (MOS) Investors

NEW YORK (TheStreet) --  Mosaic Company (MOS - Get Report) was gaining on Tuesday after the fertilizer producer reported fourth-quarter and full-year earnings.

Though the company's bottom line was plagued by falling profitability, concerns were offset by the board's approval of an additional $1 billion allocated to its share buyback program. The authorization is in addition to funds approved in December to repurchase 43.3 million Class A shares over the first seven months of 2014.

By midafternoon, shares had added 2.6% to $48.02.

The Minnesota-based business reported a 79% drop in earnings year-over-year due to falling prices for crop nutrients potash and phosphates. Net income of 30 cents a share fell short of consensus by 14 cents, according to analysts surveyed by Thomson Reuters.

Must Read: Green Mountain Coffee Roasters (GMCR) Continues to Scale New Heights

However, management sees a turning point as prices recover.

"While our results for the fourth quarter reflect the low market prices for potash and phosphates, current market conditions are improving," said CEO Jim Prokopanko in a statement.

"Market dynamics are unfolding as we expected they would, with sales volumes increasing before prices; in fact, we shipped a record volume of phosphates during the quarter, and potash volumes increased significantly."

Revenue of $2.2 billion, though 1.8% lower year-over-year, exceeded expectations by $330 million.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MOS $23.47 -0.47%
AAPL $94.47 -0.57%
FB $98.32 -1.40%
GOOG $675.26 -1.10%
TSLA $147.89 -0.07%


Chart of I:DJI
DOW 15,942.30 -84.75 -0.53%
S&P 500 1,844.56 -8.88 -0.48%
NASDAQ 4,259.76 -23.9930 -0.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs