Excerpt:
Monsanto Co., the world’s largest seed maker, said its third-quarter earnings and sales fell 14% and 11%, respectively. In addition, the company said it is creating a separate division for its Roundup and other herbicides business and announced a planned restructuring that will eliminate approximately 900 jobs, or about 4% of its work force.
Net income in the third quarter ended May 31 totaled $694 million, equal to $1.27 per share on the common stock, down from $811 million, or $1.48 per share, in the same period a year ago. The earnings beat analysts’ forecasts of $1.17 per share, but the company’s fourth-quarter profit is expected to be dragged down by the restructuring initiative, which is scheduled to be completed in 2010. As a result, Monsanto said its full-year profit will be on the low end of its previous forecast of $4.40 to $4.50 per share.
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- News, Green, Earth and Science, Health, 3 more
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- recommended by:
- ras_menelik
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- JanforGore
- added this
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A job well done !
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- ras_menelik
- 4 months ago
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Music to my ears!
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Instant Karmas gonna get you! Fuck Monsanto let them burn in hell and if they won't go I say we fucking make them go, place them under citizens arrest.
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Down with Monsanto!
The sad truth is that it's probably from the government that Monsanto earns most of its money.
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- VoyagerFilms
- 4 months ago
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one of the great corporate nightmares on the planet
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- dreamsenvoy
- 4 months ago
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this is beautiful news, the only thing better would be if the company failed completely and stopped all it's tampering with nature...
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Hooray!!! I can finally say I'm elated /glad about that. Because it just doesn't seem like anyone is really doing anything about them or anything else to slow down global warming I'm pretty sure that their slow down will help as long as we Americans keep up our end and boycott these companies...........
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Yes, boo hiss and bad cess to a company doing more to save the world's poor from starvation than anyone on this site. Shame on them! How dare they enable people to grow more food. The bastards.
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Corporate greed is a vampire. It must be controlled and guided.
