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Monsanto Earnings Drop On Lower Corn Seed Sales, Agricultural Headwinds
2015-01-07 16:38:15| Chemicals - Topix.net
Seed manufacturer Monsanto reported a sharp decline in first quarter earnings Wednesday, pointing to lower corn seed sales in South America and current headwinds in agriculture. Net profit was down 34% to $243 million, or 50 cents per share, compared to $368 million, or 69 cents per share, a year ago.
Tags: sales
lower
drop
agricultural
Monsanto Earnings Fall 34 Percent on Lower Corn Seed Sales
2015-01-07 16:38:14| Chemicals - Topix.net
Monsanto said Wednesday that its earnings fell 34 percent in its first fiscal quarter as South American farmers cut back on planting corn, reducing demand for the company's biotech-enhanced seeds. U.S. farmers harvested record crops of soybeans and corn last year, sending prices on those food staples to their lowest levels in years.
Tags: sales
lower
fall
percent
Monsanto Reveals Steep Drop in First-Quarter Profit
2015-01-07 15:33:26| Chemicals - Topix.net
Monsanto Co, the world's largest seed company, said on Wednesday profits dropped 34 percent in the first quarter compared with a year ago, due in part to lower planted corn acres in South America and a shift in timing of some sales. Monsanto, known for its genetically engineered corn, soybeans and other crops as well as the popular Roundup herbicide, said net sales dropped to $2.9 billion in the quarter ended Nov. 30 compared with $3.1 billion in the year-ago period, with sales of corn seeds and genetic traits down 12 percent.
Tags: drop
profit
reveals
steep
Micron, J.C. Penney, Monsanto in spotlight
2015-01-07 14:02:42| Semiconductors - Topix.net
Among the companies whose shares are expected to see active trade in Wednesday's session are Micron Technology Inc., J.C. Penney Co., and Monsanto Co. reported first-quarter adjusted earnings of 97 cents a share, ahead of the 92 cents forecast by analysts .
Tags: spotlight
micron
monsanto
penney
Movers & Shakers: Micron, J.C. Penney, Monsanto in spotlight
2015-01-07 13:28:29| Chemicals - Topix.net
Among the companies whose shares are expected to see active trade in Wednesday's session are Micron Technology Inc., J.C. Penney Co., and Monsanto Co. reported first-quarter adjusted earnings of 97 cents a share, ahead of the 92 cents forecast by analysts .
Tags: spotlight
movers
micron
shakers
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