Shares of fertilizer makerMosaic Company have been under considerable pressure this year, and investors were hoping to get some good news in the company's second-quarter earnings report released on Aug. 4. Mosaic didn't disappoint, reporting profits that beat analyst estimates.
Mosaic's second-quarter sales grew only about 4% to $2.5 billion, but its operating income jumped nearly 27% year over year, backed by lower production and operating costs. Furthermore, lower taxes and losses on currency fluctuations boosted Mosaic's net income by 57% to $391 million.
But those numbers only tell you half the story. The following slideshow gives you five key highlights from the earnings report that you must know, including the factors driving Mosaic's margins higher, progress on its big joint-venture project in Saudi Arabia, and what to expect from the company going ahead. There's also a bonus free report for you at the end, so don't miss it.
The article The Mosaic Company Earnings: 5 Things You Need to Know originally appeared on Fool.com.
Neha Chamaria has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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