Mosaic sinks after swinging to Q1 loss, lowering production as higher costs hurt (MOS:NYSE)

Mosaic fell 5.2% pre-market after missing Q1 adjusted earnings expectations, withdrawing its full-year phosphate production forecast, and signaling lower capital spending for the year. The company said surging sulfuric acid prices are pressuring operations, adding a commodities cost headwind to the outlook.

Analysis

Mosaic fell 5.2% pre-market after missing Q1 adjusted earnings expectations, withdrawing its full-year phosphate production forecast, and signaling lower capital spending for the year. The company said surging sulfuric acid prices are pressuring operations, adding a commodities cost headwind to the outlook.