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Monsanto Loss Wider Than Expected on Lower Sales
Published: Wednesday, 7 Oct 2009 | 9:07 AM ET
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By: AP

Monsanto, the world's biggest seed maker, says its fourth-quarter loss widened to $233 million in the fourth quarter on a decrease in sales.
Monsanto
James A. Finley / AP
Monsanto

Monsanto [MON  Loading...      ()   ] said Wednesday its loss amounted to 43 cents per share in the quarter ended Aug. 31. That's larger than its loss of $172 million, or 31 cents per share, a year earlier.

Monsanto says its revenue fell to $1.88 billion from $2.05 billion the year before.

The loss appeared to be bigger than Wall Street expected.

Analysts had been looking for a loss of 29 cents per share and higher revenue of $1.96 billion. The estimates typically exclude one-time items.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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