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Mosaic(MOS Quote), despite reporting a disappointing quarter, was moving higher along with shares of other fertilizer companies on Wednesday afternoon.
On Tuesday, Mosaic reported that its fiscal third-quarter profit fell nearly 89% as sales slid 36%. Shares were recently trading at $44.17, up 2.9%, on volume of more than 10 million shares.
Mosaic made $58.8 million, or 13 cents a share, compared with a profit of $520.8 million, or $1.17 a share, for the same period a year earlier. ...
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