SAINT-LOUIS, Senegal – ST LOUIS (AP) _ Monsanto Co. (MON) on Wednesday reported a loss of $191 million in its fiscal fourth quarter.
On a per-share basis, the St. Louis-based company said it had a loss of 44 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The agriculture products company posted revenue of $2.56 billion in the period.
Monsanto expects full-year earnings in the range of $4.50 to $4.90 per share.
Monsanto shares have climbed roughly 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 5 per cent. The stock has increased 16 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MON at http://www.zacks.com/ap/MON
Keywords: Monsanto, Earnings Report, Priority Earnings