Monsanto Posts Surprising Q4 Loss

MON shares slipping after worse-than-expected results

   

Agricultural company Monsanto (NYSE:MON) was set to open Wednesday lower after reporting significantly worse-than-expected losses for its fiscal fourth quarter.

Monsanto lost $229 million (42 cents), more than double its $112 million (21-cent) loss in the year ago period. MON’s adjusted loss was 44 cents, less than analyst forecasts of 42 cents.

Revenues also declined from $2.25 billion to $2.11 billion, which also fell short of expectations for $2.25 billion.

The company disappointed on the forecast front, too. Monsanto said it expected fiscal 2013 earnings of $4.18-$4.32, which failed to meet analyst expectations of $4.38 per share.

Monsanto’s report comes a day after phosphate and potash producer Mosaic (NYSE:MOS) reported declining and disappointing earnings on slumping phosphate sales.

MON shares had lost about 3% in Wednesday’s pre-market trading.

– Kyle Woodley, InvestorPlace Assistant Editor


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/monsanto-posts-surprising-q4-loss/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.