Mosaic profit plunges on lower prices, weaker sales

Tue Nov 5, 2013 7:08am EST
 
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Nov 5 (Reuters) - U.S. fertilizer company Mosaic Co reported sharply lower quarterly earnings on Tuesday as prices of potash and phosphate fell and buyers were cautious.

Net earnings for the third quarter fell to $124 million, or 29 cents per share, from $417 million, or 98 cents per share, a year earlier.