Mosaic's Share Buybacks Keep Wall Street Happy Despite Profit Drop

Now watching

Next video starts in : 7 Play

Mosaic's Share Buybacks Keep Wall Street Happy Despite Profit Drop

Mosaic's Share Buybacks Keep Wall Street Happy Despite Profit Drop
Replay video
Up next

Bruce Jenner, In His Own Words: Part 1

Unlock your personal NFL Now stream by signing in to NFL.com

Mosaic's Share Buybacks Keep Wall Street Happy Despite Profit Drop

by TheStreet.com Videos 0:49 mins

Mosaic's Share Buybacks Keep Wall Street Happy Despite Profit Drop

by TheStreet.com Videos 0:49 mins

The Mosaic Company reported fourth-quarter net income down 79%, as falling prices for crop nutrients potash and phosphate ate into profits. Per-share earnings of 30 cents fell short of consensus by 14 cents a share. However, profitability concerns aren't making a dent in investor appetite. Shares are up after the board approved a $1 billion share repurchase program. Management already approved a buyback program in December which would see the company repurchase 43.4 million Class A shares within the first seven months of 2014.

Must Watch

Must Watch

  1. 8:31

    Bruce Jenner, In His Own Words: Part 1

  2. 7:00

    Bruce Jenner Shares New Reality With Family: Part 2

  3. 1:21

    Bruce Jenner Interview Fuels Explosive Social Media Reaction: Part 3

  4. 2:21

    Watch These Celebrities Do Their Best Al Pacino Impressions

  5. 2:50

    Balancing Acts: Ballerinas Become Mothers

  6. 1:58

    Waka Flocka Flame To Run For President

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security