Monsanto misses estimates, buys data analytics firm for $930 million
11:06 AM MDT | October 2, 2013
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...
Access is for Chemweek 24/7 PLUS Members ONLY
This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information.
Forgot your user ID or password? Click here to have it sent to you.