Monsanto earnings fall 34% after a year of global protests
 

Company that has come under fire for its genetically modified seeds said its earnings fell 34% in its first fiscal quarter

Monsanto said Wednesday its earnings fell 34% in its first fiscal quarter, as South American farmers cut back on planting corn, reducing demand for the company?s biotech-enhanced seeds.

US farmers harvested record crops of soybeans and corn last year, sending prices on those food staples to their lowest levels in years. That has resulted in farmers in South America and elsewhere reducing the number of acres they dedicate to corn. Monsanto said its business was also affected by reduced cotton planting in Australia.

The agriculture products company?s revenue fell more than 8% to $2.87bn in the period, on lower sales of corn seeds and herbicide. Analysts expected $2.96bn, according to Zacks.

The St Louis-based company reported a profit of $243m, or 50 cents per share, down from $368m, or 69 cents per share in the same period last year.

Earnings, adjusted to account for discontinued operations, came to 47 cents per share in the most recent quarter.

Continued Monsanto earnings fall 34% after a year of global protests | Business | The Guardian

That's great news.

... And thousands of Indian children will go blind because of the banning of golden rice, based on no scientific evidence whatsoever...

People are idiots.




.

The food nazis believe they're better dead than fed.

my Monsanto stock is still up more than 16.5% since i got it a few years ago not including dividends so I'm not worried yet.

So this means they'll only be worth $40 billion. Poor them.

im sure they will find ways to make even more $$$$ :2 cents::2 cents:

income dropped by 34%?
Just double checking on what exactly is "earnings".
If income - hard to believe (and great news), if profit - that does not say anything.

Great news.. I would not even wipe my ass with that GMO shit. :321GFY

Shop at the food market and support farmers! The grocery store won't miss you and the food is soooo good :)

yeah feeding the starving is such a horrible act.

True! Farmers sell for a living, not for business purposes :)

who does monsanto hire to plant, water, fertalize and harvest the crops again? Oh yes, robots and goats..

Who cares, just keep the genetically modified shit out of this country.

Robots and such...
 

Ever looked at one of those meat production plants? Can't call that a Farm or Ranch. That is pretty much your oversized, stationary robot. ;-) And don't get me wrong I'm all for a good steak, but from free range grazing, please!