TAMPA, Fla. (AP) _ Mosaic Co. (MOS) on Monday reported first-quarter net income of $156.7 million, after reporting a loss in the same period a year earlier.

The Tampa, Florida-based company said it had net income of 41 cents per share. Earnings, adjusted for non-recurring costs, were 57 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The fertilizer maker posted revenue of $2.3 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $2.31 billion.

Mosaic shares have increased 52% since the beginning of the year, while the S&P's 500 index has climbed 12%. In the final minutes of trading on Monday, shares hit $35.03, more than tripling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOS at https://www.zacks.com/ap/MOS

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