8:53 am Monsanto Lowers FY15 Earnings Guidance
Monsanto (MON 112.56) is trading modestly lower this morning after reporting its quarterly earnings results.
The company reported second quarter earnings of $2.90 per share, excluding non-recurring items, which fell a bit short of expectations. On the top line, revenues fell 10.9% year/year to $5.2 billion, which also fell short of expectations.
In Agricultural Productivity, the decline in gross profit was primarily volume related, as the company continued to convert from non-branded to branded volumes of Roundup, which is …More