Monsanto quarterly profit off 5%

But shares rise on $10 billion buyback plan, revised outlook

Posted: June 26, 2014 at 2:40 a.m.

Monsanto Co.’s DeKalb brand seed corn is unloaded at a farm outside Walnut, Ill., in April. The company Wednesday reported a quarterly profit of $858 million, or $1.62 per share.

Monsanto said its earnings fell more than 5 percent in the third fiscal quarter on lower biotech seed sales, but its performance topped Wall Street estimates and the company raised the lower end of its 2014 outlook. It also announced plans to repurchase $10 billion in shares.

This story is only available from our archives.


« Previous Story

U.S. loosens old ban on oil exports, adds out...

Cows graze near a reclaimed natural gas drilling site with condensate tanks in Washington County, Pa., in this file photo. A Commerce Department decision to change its definition of refined product means more of the oil from U.S. shale formations may be eligible for export.

The Commerce Department has opened the door to more U.S. oil exports as long as the crude is lightly processed... Read »

Next Story »

Retailer splitting its stores, e-reader

Customers look at Nook tablets at a Barnes & Noble store in Pineville, N.C., in this file photo. Barnes & Noble announced plans Wednesday to split into two separate companies.

Barnes & Noble Inc., facing declining sales at both its bookstore chain and Nook electronic-reader business, p... Read »