IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Seeds and traits

Monsanto misses estimates, announces $930 million data analytics acquisition

2:48 PM MDT | October 2, 2013 | Rebecca Coons

Monsanto reports a wider-than-expected loss for its seasonally weak quarter and missed analyst forecasts as year-over-year (YOY) gains in corn seed and glyphosate sales were not enough to offset steep declines in soybean and vegetables. The company posted a net loss of $249 million (47 cts/share) for the quarter ended 31 August, compared with a net loss of $229 million (44 cts/share) in the year-ago quarter. Analysts had expected a net loss of 43 cts/share, according to a consensus of estimates compiled by Thomson Reuters (New York). Sales increased 4.9% YOY, to...

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