Monsanto’s loss widens as 2013 guidance underwhelms

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...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers