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2009-10-12 | permalink
Monsanto 4Q loss widens, adjusted earns beat view
Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on lower revenue, led by a drop in sales of its Roundup herbicide which is facing on onslaught of generic competition. Its adjusted earnings narrowly beat Wall Street estimates, however. Monsanto said its loss amounted to 43 cents per share in the quarter ended Aug. 31. That’s larger than its loss of $172 million, or 31 cents per share, a year earlier.
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2009-10-12 | permalink
Monsanto 4Q loss widens, adjusted earns beat view
Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on lower revenue, led by a drop in sales of its Roundup herbicide which is facing on onslaught of generic competition. Its adjusted earnings narrowly beat Wall Street estimates, however. Monsanto said its loss amounted to 43 cents per share in the quarter ended Aug. 31. That’s larger than its loss of $172 million, or 31 cents per share, a year earlier.
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