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Earnings Analysis: 
Mosaic Revenues Surge 37%, Piedmont Loss
Author: Trupti Mehta
123jump.com
Last Update: 4:17 AM ET January 06 2009



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4:00AM New York - Piedmont Natural Gas Company, Inc revenue rose 12.1% and net loss was $13.2 million. The Mosaic Company revenue rose 37% and net income rose 144%.

Piedmont Natural Gas Company, Inc, an energy services company said fourth quarter revenues rose 12.1% to $312 million from $278 million a year ago. Net loss in the quarter was $13.2 million or 18 cents per diluted share compared to net loss of $8.3 million or 11 cents per share a year ago.

Revenues for the fiscal year 2008 rose 22% to $2.09 billion from $1.71 billion a year ago. Net income for the year rose 5.4% to $110 million or $1.49 per diluted share compared to net income of $104.4 million or $1.40 per share a year ago.

Piedmont Natural Gas Company, Inc (PNY) in the last one year traded as high as $35.29 in November 2008 and as low as $20.52 in January 2008. Based on the yesterday’s closing price of $30.50 the company has market cap of $2.23 billion.

The Mosaic Company, North American fertilizer company said second quarter revenues rose 37% to $3.01 billion from $2.2 billion a year ago. Net income in the quarter rose 144% to $959.8 million or $2.15 per diluted share compared to net income of $394.0 million or 89 cents per share a year ago.

The Mosaic Company (MOS) in the last one year traded as high as $163.25 in January 2008 and as low as $21.94 in November 2008. Based on the yesterday’s closing price of $37.67 the company has market cap of $16.74 billion.
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