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Mosaic (MOS) Stock Advances Despite Q2 Miss

NEW YORK (TheStreet) -- Shares of Mosaic (MOS) are surging 5.07% to $27.97 in mid-morning trading today despite the phosphate products producer posting lower-than-expected earnings and revenue before today's market open.

Mosaic reported an adjusted loss of 3 cents per share, compared to analysts projected earnings of 12 cents per share. Revenue came in at $1.67 billion, falling short of analysts expected $1.74 billion.

Last year, the company posted earnings of $1.05 per share on revenue of $2.49 billion...