Mosaic Q3 Net and Revenue Up

Posted by Bull Bear Trader | 4/04/2008 08:18:00 AM | , , , , | 0 comments »

Mosaic Q3 net income increased to $520.8 million from $42.2 million, while revenue is up 68%. Sales increased 68% to $2.15 billion from $1.28 billion. Mosaic recently announced a long-term potash capacity expansion in Saskatchewan, Canada.

As a side note: An analyst on CNBC, discussing the Mosaic numbers, recommend Compass Minerals International (CMP) as another play in the area, in addition to Potash and Agrium.

Tickers: MOS, POT, AGU, CMP