Monsanto Posts Surprising Q4 Loss

by InvestorPlace Staff | October 3, 2012 8:53 am

Agricultural company Monsanto (NYSE:MON[1]) 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[2]) reported declining and disappointing earnings[3] on slumping phosphate sales.

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

– Kyle Woodley, InvestorPlace Assistant Editor

Endnotes:
  1. MON: http://studio-5.financialcontent.com/investplace/quote?Symbol=MON
  2. MOS: http://studio-5.financialcontent.com/investplace/quote?Symbol=MOS
  3. reported declining and disappointing earnings: http://investorplace.com/2012/10/mosaic-misses-as-phosphate-sales-plunge/

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