MOS earnings- misses forecast

Net income increased to $1.18 billion equating to $2.65 per share
Revenue increased to $4.32 billion.
Analysts expected earnings of 2.94 per share

"Momentum has slowed in the phosphates business near-term due to the combined effects of soft seasonal demand, higher customer inventory levels and falling raw material costs," said Prokopanko.

"We might not have to cut back a million tonnes, but we will do whatever is necessary to balance the (inventory) pipeline."

First time miss. This will be very bad for the stock.Stock is down $12 or 17% in AH.
Other stocks in this sector will be dragged down viz. POT, IPI, CF