Top 5 Losers Today

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1. The Mosaic Company (NYSE:MOS)

Number of Hedge Fund Holders: 66

Shares of The Mosaic Company (NYSE:MOS) fell over three percent in the pre-market trading session today after the fertilizer manufacturer missed profit and sales expectations for the second quarter.

The Mosaic Company (NYSE:MOS) earned $3.64 per share on an adjusted basis, compared to $1.17 per share in the year-ago period. Revenue for the quarter skyrocketed 92 percent versus last year to $5.37 billion. However, the results were below the consensus of $4.01 per share for earnings and $5.65 billion for revenue.

Moving forward, The Mosaic Company (NYSE:MOS) expects the demand for fertilizers to remain high due to the shortage of vital crop nutrients around the world. Speaking on the results, CEO Joc O’Rourke said:

“We are expanding production to help meet global demand and returning significant capital to shareholders. We expect strong fundamentals will continue for the rest of the year and into 2023.”

You can also take a peek at 11 Best Dividend-Paying Stocks to Buy Now and Jim Cramer Recommends These 10 Stocks For Recession.

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