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Monsanto (MON) Misses Q3 EPS Views; Offers Informal Update on Bayer Proposal

June 29, 2016 8:02 AM EDT

Monsanto (NYSE: MON) reported Q3 EPS of $2.17, $0.23 worse than the analyst estimate of $2.40. Revenue for the quarter came in at $4.19 billion versus the consensus estimate of $4.49 billion.

Our long-term optimism within agriculture and our business remains, said Hugh Grant, chairman and chief executive officer. Our industry is running at a low point in the overall agriculture cycle and weve experienced an unforeseen level of challenges affecting our business in fiscal year 2016. Today, however, we anticipate positive resolution on the horizon for several of these challenges, coupled with early signs of recovery in agriculture.... More