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People & Business :: Earnings/Finance
Monsanto Narrows Loss on Strong Seeds Results
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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