News Summary: Monsanto's 3Q profit slips 3 pct

News Summary: Monsanto's fiscal 3rd-quarter profit slips 3 percent, as seed sales slump

Associated Press

THE RESULTS: Seed giant Monsanto Co. said Wednesday that its fiscal third quarter earnings slipped 3 percent, as higher costs and hits to its cotton and soybean segments weighed on results.

THE PARTICULARS: The St. Louis company earned $909 million, or $1.68 per share, in the quarter ended, down from $937 million, or $1.74 per share, a year ago. Earnings totaled $1.66 per share, not counting a tax matter resolution. Revenue inched up less than 1 percent to $4.25 billion.

THE EXPECTATIONS: Analysts expected earnings of $1.61 per share on $4.41 billion in revenue for this year's quarter, according to FactSet.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You