Mosaic co posts q4 loss per share of $2.43

Qtrly net loss per share of $2.43 and adjusted net loss per share of $0.29.qtrly net sales were $2.1 billion, compared to $2.5 billion last year, driven by lower sales volumes and lower phosphate prices..q4 earnings per share view $-0.05, revenue view $1.93 billion -- refinitiv ibes data.net sales in phosphates segment were $698 million for q4, down from $926 million last year.in phosphates, recent trends are more favorable, with global inventories falling and market tightening.net sales in potash segment totaled $395 million for q4, down from $592 million last year.decided to return phosphate operations to full production, as good dec and jan demand in north america depleted co's phosphate inventories.much of phosphate production in hubei province has been curtailed or idled due to coronavirus epidemic..in potash, production curtailments that began in second half of 2019 are bringing market into balance in 2020.expect strong global fertilizer demand in 2020..mosaic - trade tensions between u.s. & china benefited brazilian agriculture, supporting stronger demand for mosaic fertilizantes' products in 2019.sees fy 2020 capital expenditures of about $1.2 billion.global demand for grains and oilseeds remains strong.impairment, restructuring and other expense was $1.46 billion in 2019.concerns about product availability have changed market sentiment and are driving strong global demand for phosphates.
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