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More on Mosaic's (MOS) FQ2 results: Gross margin was 27% of net sales vs. 29% in the year-ago...

More on Mosaic's (MOS) FQ2 results: Gross margin was 27% of net sales vs. 29% in the year-ago period; operating earnings were $560M vs. $797M Y/Y. Decreases were driven by lower phosphate volumes and prices. Expects to sell 1.5M-1.8M metric tons of potash in FQ3, with prices of $370-$400 per metric ton vs. $443 in FQ2, reflecting its recent low-price contract with China. MOS +0.4% premarket.

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