Monsanto 4th qtr loss larger than expected, but sales rise

Reuters

Oct 2 (Reuters) - Monsanto Co, the world's largestseed company, reported a larger quarterly loss on Wednesday asseed sales slipped, but total sales rose and the company said itwas positioned for strong growth in 2014.

The leading developer of genetically engineered corn,soybeans and other crops also announced it was acquiring aclimate data science company as part of a long-term growth plan.

Overall, the company lost $249 million, or 47 cents a share,in the fourth quarter, compared with a loss of $229 million, or42 cents a share, a year earlier. Analysts on average wereexpecting a loss of 43 cents a share, according to ThomsonReuters I/B/E/S.

Sales rose to $2.2 billion from $2.1 billion a year earlier,but sales of its key seeds and genomics business dropped to$1.19 billion from $1.20 billion a year earlier.

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