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Chemical Week Magazine :: Newsbriefs
Monsanto misses estimates, announces $930-million data analytics acquisition
8:34 AM MDT | October 4, 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 vegetable seeds. 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%...
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