Monsanto 4Q loss widens on lower sales

// added October 07, 2009 // 17 comments //
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JanforGore
Monsanto Co., the world's biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on a decrease in revenue, led by a drop in sales of its Roundup herbicide brand.

Its adjusted earnings narrowly beat Wall Street estimates, however.

Monsanto said 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.

When one-time items are excluded, Monsanto said it earned 2 cents per share on an ongoing basis, beating Wall Street estimates for earnings of 1 cent per share. The estimates typically exclude one-time items.

The company posted a $114 million charge for its restructing plan that began this that will cut 900 jobs, or 4 percent of its workforce.

Revenue fell to $1.88 billion from $2.05 billion the previous year.

Sales in Monsanto's seed and genomics division fell nearly 4 percent to $908 million during the quarter. Sales in the agricultural chemical division, which includes Roundup herbicide, fell 12.5 percent to $971 million.

The company's stock rose 8 cents to $75.44 in morning trading.
  1. groups:
    News,   Green,   Sustainable Agriculture
  2. tags:
    Monsanto GMOs industrial agriculture Roundup 1 more

17 comments // Monsanto 4Q loss widens on lower sales

  • hombre76
    • 0
      hombre76  
    • Oh please god let those fucks go bankrupt. For my 2 cents this problem with agriculture goes beyond the corporatization of agriculture the very system we use to grow our food needs to change so we are not taxing the top 1-2 feet of soil on our planet, what we need is high rise hydroponic growing that is centralized within our cities so that we reduce as much as possible our dependence on fuel to bring our produce to market as well as removing the use of tractors. land once used for traditional farming can ether continue as wholly organic production or unfenced and brought back into use a a nature preserve and conduit of wild land necessary for migrating animals who are trying to deal with the climate change we made. Imagine for a moment herds of Buffalo again inhabiting the Midwest.....sound f'n great and we don't even have to go back to living in tepee (not that thats a terrible way to live per se) we just start utilizing the same tech basically we developed for space and extraterrestrial colonization. See space exploration is gone save us all on our own planet. haha

    • 4 months ago
  • patriotaxe
    • 0
      patriotaxe  
    • hombre76:

      Good points. The Dust Bowl, one of the greatest ecological disasters ever caused by Man, should have taught us lessons about soil science, intelligent tilling, crop rotation and the dangers of irrigation. We learned NOTHING. We continue to destroy, out of ignorance, arrogance, and greed. Agricorporations such as Monsanto should rot in Hell.

    • 4 months ago
  • Jaci_Collins
  • kingfugazi
    • 0
      kingfugazi  
    • So, does this mean they are going to grow food even cheaper to make up the difference? Wow, we should just start eating dirt now [lots probably healthier].

    • 4 months ago
  • JanforGore
  • patriotaxe
  • bombastinator
  • ras_menelik
  • ras_menelik
  • kiliptis
    • 0
      kiliptis  
    • My hope, is that enough people will stop buying Monsanto products.
      Maybe then, can we eat fruit and vegetables that are actually healthy for us, rather then be poisoned with herbicides.

      :)

    • 4 months ago
  • clownpuncher
  • bombastinator
  • franksalot
  • bombastinator
  • JanforGore
  • Submersible
  • JanforGore
    • 0
      JanforGore  
    • Of course they will use any deflection to excuse this, but it's the Round Up. Farmers are also now seeing pigweed in crisis proportions in the South because it is now immune to Round Up and it is destroying their crops. Tests are showing health risks, and more people are becoming aware of the effects of their for profit only, genetically modified, fake science, monoculture lack of vision. I stated the other day that unsustainable industrial agriculture will have to be disarded if we are to survive as a species. I sure hope we are seeing the beginnings of this awakening now and it spreads even beyond Monsanto to all corporations that use our planet and our bodies as a petrie dish for their own profit.

    • 4 months ago

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