Mosaic (MOS $57.03 +1.71) reported fourth quarter earnings of $1.25 per share, excluding notable items totaling $0.06, $0.09 better than the Capital IQ Consensus of $1.16, while revenues fell 1.4% year/year to $2.82 billion versus the $2.55 billion consensus. "Despite the current drought in the U.S. corn belt, farm economics remain compelling, and farmers around the world continue to be incented to use our products to increase their crop yields. Our unique combination of assets, proven execution ability and capital strength position us to help the world grow the food it needs, and to deliver shareholder value."
Guidance: Total sales volumes for the Potash segment are expected to range from 1.8 to 2.2 million tonnes for the first quarter of fiscal 2013. Mosaic's realized MOP price, FOB plant, for the first quarter of fiscal 2013 is estimated to range from $415 to $440 per tonne, with the sequential decline reflecting both seasonal pricing declines in North America and an increased proportion of international sales. Total sales volumes for the Phosphates segment are expected to range from 2.5 to 2.8 million tonnes for the first quarter of fiscal 2013. Mosaic's realized DAP price, FOB plant, the first quarter of fiscal 2013 is estimated to range from $510 to $535 per tonne.