Monsanto (MON) is down 3% after reporting earnings ahead of the opening bell. The seed maker posted losses of 47-cents a share, even worse than the 43-cent loss which was expected. Sales also missed at $2.2-billion worldwide. Monsanto has been expanding into developing markets like Asia and South America. In fact in June, China approved the import Monsanto soybeans which are genetically modified to repel insects. Meanwhile, the company is facing criticism from government officials here at home, as well as consumers. Monsanto shares are going into today's regular trading session up 10% year-to-date.
Global Payments (GPN), which we also highlighted yesterday ahead of its earnings, has been trading more than 6% higher now that its report is out. Here's why: Earnings of $1 a share, a nickel better than expectations. Revenue also topped forecasts at $630-million. In addition, the company upped its outlook, announced the speed-up of share repurchases, and named a new CEO. As of yesterday'sRead More »from Monsanto Reports; Global Payments and US Airways Soar to Highs; Apple’s Pipeline Problem