IHS Chemical Week

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

Monsanto's fourth-quarter loss widens, 2013 guidance underwhelms

10:53 AM MDT | October 3, 2012 | Rebecca Coons

Monsanto's net loss widened for its seasonally weak fiscal fourth quarter, as corn and cotton seed sales fell below year-ago levels. The company posted a net loss of $229 million for the quarter ended 31 August, compared with a net loss of $112 million in the year-ago quarter. Excluding one-time items, the company posted a net loss of 44 cts/share, missing analysts' estimates of a net loss of 42 cts/share, as reported by Thomson Reuters (New York).  Sales slipped 6%, to $2.1 million. The company's Seeds and Genomics unit posted a 10% decline in net sales, to...

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