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Monsanto Loss Wider Than Expected on Lower Sales

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
Monsanto

Monsanto 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.

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