Photo courtesy of Monsanto

Monsanto Widens Fourth Quarter Loss



Photo courtesy of Monsanto

 

 

 

 

 

 

 

Monsanto Co.’s loss in the fourth quarter widened as corn seed and trait sales declined and its operating expenses increased.

The Creve Coeur-based biotechnology giant’s adjusted earnings beat Wall Street’s estimates, but its revenue fell short of expectations and it provided a full-year earnings forecast below analysts’ estimates.

For the three months ended Aug. 31, the maker of genetically engineered seeds and the herbicide Roundup said it lost $229 million, or 42 cents per share. That compares with a loss of $112 million, or 21 cents per share, a year earlier.

Read more at St. Louis Post-Dispatch.

 

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