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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 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.
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profit
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steep
Brazil Auto Sales Drop in 2014
2015-01-07 04:48:31| Auto Dealers - Topix.net
SAfO PAULO-Vehicle sales in Brazil dropped last year despite hefty government incentives, as a weak economy weighed on consumer confidence. Sales of cars and light vehicles totaled 3.32 million units in 2014, down 6.9% from the prior year, according to the national auto-dealership association, Fenabrave, on Tuesday.
Oil drop hits stocks hard
2015-01-06 14:00:41| Energy - Topix.net
Crude oil dropped 5.5 percent on Monday, pushing stocks sharply lower in Monday's trading session. Bobbi Rebell report.
Oil drop hits stocks hard
2015-01-06 10:16:58| Oil & Gas - Topix.net
Crude oil dropped 5.5 percent on Monday, pushing stocks sharply lower in Monday's trading session. Bobbi Rebell report.
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