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Markets :: Fine Chemicals/Biotech :: Agricultural chemicals

Monsanto Narrows Loss on Strong Seeds Results

7:37 AM MDT | October 5, 2011 | Rebecca Coons

Monsanto beat street expectations for its seasonally weak fourth quarter, reporting a net loss of $112 million (21 cts/share). Analysts expected the company to post a wider loss of 27 cts/share, as reported by Thomson One (New York). Monsanto also indicated that, due to an SEC investigation into the financial reporting of its glyphosate customer incentive programs, it will restate 2009-2011 earnings. The program rewarded distributors that carried Roundup brand herbicide....

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