Monsanto (MON) Misses Q4 EPS by 17c; Guides FY15 EPS Below Views
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October 8, 2015 7:59 AM EDT
JPMorgan resumed coverage on Monsanto (NYSE: MON) with a Neutral rating (prior Overweight).
For an analyst ratings summary and ratings history on Monsanto click here. For more ratings news on Monsanto click here.
Shares of Monsanto closed at $88.06 yesterday.
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October 7, 2015 8:58 AM EDT
By Carey Gillam
(Reuters) - Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market.
The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss and gave an outlook below many analysts' expectations.
The layoffs would affect 11.6 percent of Monsanto's regular workforce, according to the company.
The global restructuring will also include an exit from the sugar cane business and "streamlining and... More
October 6, 2015 2:59 PM EDT
The Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
MBA Mortgage Index - no Street consensus
Earnings:
Monsanto (NYSE: MON) - consensus loss $0.02
RPM... More
