05:07 PM EDT, 08/06/2024 (MT Newswires) -- Mosaic (MOS) reported Q2 adjusted net income late Tuesday of $0.54 per diluted share, down from $1.04 a year earlier.

Analysts polled by Capital IQ expected $0.66.

Net sales for the quarter ended June 30 were $2.82 billion, down from $3.39 billion a year earlier.

Analysts expected $2.98 billion.

Mosaic said it resumed operations at its Colonsay mine in July to offset the upcoming turnarounds at Esterhazy and to fulfill the robust demand forecast.

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