© Reuters. The Mosaic Corporate Reviews Q2 Income Pass over, Authorizes $2B Percentage Repurchase Plan
Via Davit Kirakosyan
The Mosaic Corporate (NYSE:) reported its Q2 effects, with EPS of $3.64 coming in worse than the consensus estimate of $3.99. Stocks have been buying and selling greater than 2% decrease after-hours.
92% year-over-year to $5.4 billion, lacking the consensus estimate of $5.68 billion. The gross margin in Q2 used to be 34%, in comparison to 27% in Q2/21.
The corporate has returned $1.1 billion to shareholders all over H1/22, together with $1.0 billion of proportion repurchases. The corporate introduced that its Board of Administrators has licensed a brand new $2.0 billion proportion repurchase authorization.