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Monsanto announces major losses after settling environmental suit

2014-10-13 20:16:17| Chemicals - Topix.net

Biotech giant Monsanto announced major losses for their fourth quarter last week well below analysts' expectations after spending millions settling an environmental suit. The St. Louis, Missouri-headquartered company announced a loss of $156 million, or 31 cents per share, on Wednesday, 7 cents per share beyond what analysts surveyed by both Bloomberg and Zacks Investment Research had expected.

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