Monsanto misses 4Q profit forecasts
ST LOUIS (AP) — Monsanto Co. (MON) on Wednesday reported a loss of $156 million in its fiscal fourth quarter.
The St. Louis-based company said it had a loss of 31 cents per share. Losses, adjusted for non-recurring costs, came to 27 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The agriculture products company posted revenue of $2.63 billion in the period, beating Street forecasts. Analysts expected $2.42 billion, according to Zacks.
Monsanto expects full-year earnings in the range of $5.75 to $6 per share.
Monsanto shares have declined 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 5 percent. The stock has risen slightly more than 3 percent in the last 12 months.
This story was generated automatically by Automated Insights using data from Zacks Investment Research. Full Zacks research report: MON