NEWS
Tue May 6, 2014 08:18 AM CDT

(Dow Jones) -- Mosaic Co. said first-quarter profit slumped 43%, missing analysts' expectations, as lower prices weighed on sales.

First-quarter earnings of $217.5 million, or 54 cents a share, were down from $379.8 million, or 89 cents a share, a year earlier. Net sales fell 14% to $1.99 billion. Analysts surveyed by Thomson Reuters had projected profit of 59 cents a share and revenue of $2 billion.

The fertilizer producer's potash and phosphate businesses have weighed on results lately. However, the company has said it expects its business to grow on the strength of an improving market and recent acquisitions, ...

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