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Chemical Week Magazine :: Business & Finance :: United States/Americas
Monsanto’s loss widens as 2013 guidance underwhelms
6:21 AM MDT | October 5, 2012 | —Rebecca Coons
Grant: Expects 14%-15% earnings growth in 2012. Monsanto’s net loss widened for its seasonally weak fiscal fourth quarter ended 31 August, as corn and cotton seed sales fell below year-earlier levels. The company posted a net loss of $229 million, compared with a net loss of $112 million in the year-earlier 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 billion. Monsanto’s fiscal...
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