WASHINGTON (dpa-AFX) - The Mosaic Company (MOS) reported adjusted profit per share of $0.11 for the second quarter of 2020. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.01, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA increased year-on-year to $383 million from $360 million.
Second quarter net sales declined to $2.05 billion from $2.18 billion, previous year. Analysts expected revenue of $1.84 billion for the quarter.
Mosaic's total cash and cash equivalents, excluding restricted cash, were $1.1 billion compared with $402 million a year ago, and net debt decreased to $4.1 billion at the end of the quarter, from $4.5 billion at March 31, 2020.
Shares of Mosaic Company were up 7% after hours.
Copyright RTT News/dpa-AFX
© 2020 AFX News
