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Monsantos Losses Widen as Seed Sales Decline
Key Excerpts from Article on Website of New York Times/Associated Press
Posted: October 8th, 2013
http://www.nytimes.com/aponline/2013/10/02/business/ap-us-ea...
Agricultural business giant Monsanto reported worse-than-expected losses for its fiscal fourth quarter ... due to lower sales of its genetically engineered seeds. The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in morning trading. The St. Louis company recorded a loss of $249 million, or 47 cents per share, for the quarter ended Aug. 31. That was wider than its loss of $264 million, or 42 cents per share, in the 2012 fourth quarter. The company's performance was hurt by a steep drop in sales of genetically modified soybean seeds, which fell 38 percent to $87 million.
Note: For more on the destructive impacts of Monsanto's GMO seed/pesticides technology, see the deeply revealing reports from reliable major media sources available here.